Capital Group Short Duration Income ETF $CGSD Shares Bought by Sovran Advisors LLC

Sovran Advisors LLC grew its stake in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 122.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 117,239 shares of the company’s stock after buying an additional 64,635 shares during the quarter. Sovran Advisors LLC owned 0.22% of Capital Group Short Duration Income ETF worth $3,034,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. NBC Securities Inc. lifted its holdings in shares of Capital Group Short Duration Income ETF by 9,737.5% in the 1st quarter. NBC Securities Inc. now owns 1,574 shares of the company’s stock valued at $40,000 after buying an additional 1,558 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in shares of Capital Group Short Duration Income ETF by 30.5% in the 1st quarter. Cullen Frost Bankers Inc. now owns 2,680 shares of the company’s stock valued at $69,000 after buying an additional 627 shares during the period. Synergy Investment Management LLC acquired a new position in shares of Capital Group Short Duration Income ETF in the 1st quarter valued at about $75,000. Comerica Bank lifted its holdings in shares of Capital Group Short Duration Income ETF by 762.0% in the 1st quarter. Comerica Bank now owns 6,663 shares of the company’s stock valued at $172,000 after buying an additional 5,890 shares during the period. Finally, Capital Analysts LLC acquired a new position in shares of Capital Group Short Duration Income ETF in the 1st quarter valued at about $198,000.

Capital Group Short Duration Income ETF Price Performance

Shares of CGSD stock opened at $26.06 on Thursday. The business has a 50-day simple moving average of $25.99 and a 200-day simple moving average of $25.89. Capital Group Short Duration Income ETF has a 52-week low of $25.55 and a 52-week high of $26.13.

Capital Group Short Duration Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 29th were issued a $0.0948 dividend. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, August 29th.

About Capital Group Short Duration Income ETF

The Capital Group Short Duration Income ETF (CGSD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that invests in a broad portfolio of investment grade bonds, debts, and money market instruments. The average portfolio duration is expected to be less than two years.