Creekmur Asset Management LLC Makes New $5.44 Million Investment in Capital Group Short Duration Income ETF $CGSD

Creekmur Asset Management LLC acquired a new position in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 209,717 shares of the company’s stock, valued at approximately $5,439,000. Capital Group Short Duration Income ETF makes up approximately 1.0% of Creekmur Asset Management LLC’s investment portfolio, making the stock its 21st largest position.

A number of other large investors have also recently bought and sold shares of CGSD. Janney Montgomery Scott LLC grew its stake in Capital Group Short Duration Income ETF by 23.7% during the first quarter. Janney Montgomery Scott LLC now owns 19,944 shares of the company’s stock worth $515,000 after buying an additional 3,821 shares in the last quarter. Lodestone Wealth Management LLC boosted its stake in shares of Capital Group Short Duration Income ETF by 0.7% in the 1st quarter. Lodestone Wealth Management LLC now owns 173,060 shares of the company’s stock valued at $4,467,000 after purchasing an additional 1,245 shares in the last quarter. World Investment Advisors acquired a new stake in shares of Capital Group Short Duration Income ETF in the 1st quarter valued at approximately $206,000. Envestnet Asset Management Inc. boosted its stake in shares of Capital Group Short Duration Income ETF by 52.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 853,312 shares of the company’s stock valued at $22,024,000 after purchasing an additional 294,905 shares in the last quarter. Finally, Wood Tarver Financial Group LLC boosted its stake in shares of Capital Group Short Duration Income ETF by 53.7% in the 1st quarter. Wood Tarver Financial Group LLC now owns 107,119 shares of the company’s stock valued at $2,765,000 after purchasing an additional 37,416 shares in the last quarter.

Capital Group Short Duration Income ETF Stock Performance

CGSD opened at $26.06 on Friday. The company’s 50 day moving average is $26.05 and its 200-day moving average is $25.94. Capital Group Short Duration Income ETF has a 1-year low of $25.55 and a 1-year high of $26.13.

Capital Group Short Duration Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were paid a $0.0931 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Monday, September 29th.

Capital Group Short Duration Income ETF Profile

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.