Kensington Asset Management LLC Makes New Investment in Capital Group Ultra Short Income ETF $CGUI

Kensington Asset Management LLC acquired a new position in shares of Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 59,931 shares of the company’s stock, valued at approximately $1,512,000. Capital Group Ultra Short Income ETF accounts for about 0.1% of Kensington Asset Management LLC’s holdings, making the stock its 26th largest position. Kensington Asset Management LLC owned approximately 1.88% of Capital Group Ultra Short Income ETF at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Creekmur Asset Management LLC bought a new position in shares of Capital Group Ultra Short Income ETF in the second quarter worth $19,486,000. Brookstone Capital Management raised its position in shares of Capital Group Ultra Short Income ETF by 28.5% during the 2nd quarter. Brookstone Capital Management now owns 74,414 shares of the company’s stock worth $1,877,000 after buying an additional 16,511 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Capital Group Ultra Short Income ETF by 267.5% in the 1st quarter. Jane Street Group LLC now owns 56,676 shares of the company’s stock worth $1,428,000 after acquiring an additional 41,254 shares during the period. Entruity Wealth LLC boosted its holdings in shares of Capital Group Ultra Short Income ETF by 62.0% in the first quarter. Entruity Wealth LLC now owns 53,717 shares of the company’s stock valued at $1,353,000 after acquiring an additional 20,567 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Capital Group Ultra Short Income ETF during the second quarter valued at approximately $938,000.

Capital Group Ultra Short Income ETF Stock Performance

NYSEARCA:CGUI opened at $25.33 on Thursday. The company has a 50-day moving average of $25.32 and a 200-day moving average of $25.28. Capital Group Ultra Short Income ETF has a twelve month low of $25.09 and a twelve month high of $25.37.

Capital Group Ultra Short Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 31st were given a dividend of $0.102 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. This is a boost from Capital Group Ultra Short Income ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Friday, October 31st.

Capital Group Ultra Short Income ETF Profile

The Capital Group Ultra Short Income ETF (CGUI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of USD-denominated, income-producing debt securities with investment grade ratings and ultra-short term duration. It seeks current income and capital preservation while aiming to maintain a dollar-weighted average maturity of two years or less.