Cauble & Harre Wealth Management Inc. Invests $9 Million in Capital Group Short Duration Income ETF $CGSD

Cauble & Harre Wealth Management Inc. purchased a new stake in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 345,902 shares of the company’s stock, valued at approximately $8,997,000. Capital Group Short Duration Income ETF accounts for 7.5% of Cauble & Harre Wealth Management Inc.’s holdings, making the stock its 3rd largest position. Cauble & Harre Wealth Management Inc. owned about 0.46% of Capital Group Short Duration Income ETF as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. RFP Financial Group LLC lifted its holdings in Capital Group Short Duration Income ETF by 1,814.3% in the third quarter. RFP Financial Group LLC now owns 488,998 shares of the company’s stock worth $12,683,000 after acquiring an additional 463,454 shares during the last quarter. Thayer Financial L.L.C. bought a new position in shares of Capital Group Short Duration Income ETF during the fourth quarter valued at approximately $10,735,000. Susquehanna International Group LLP bought a new position in shares of Capital Group Short Duration Income ETF during the third quarter valued at approximately $10,536,000. Landaas & Co. WI ADV raised its position in shares of Capital Group Short Duration Income ETF by 118.3% during the 4th quarter. Landaas & Co. WI ADV now owns 541,876 shares of the company’s stock worth $14,094,000 after purchasing an additional 293,652 shares during the period. Finally, Raymond James Financial Inc. raised its position in shares of Capital Group Short Duration Income ETF by 45.0% during the 2nd quarter. Raymond James Financial Inc. now owns 939,933 shares of the company’s stock worth $24,377,000 after purchasing an additional 291,618 shares during the period.

Capital Group Short Duration Income ETF Price Performance

Shares of NYSEARCA CGSD opened at $25.76 on Friday. Capital Group Short Duration Income ETF has a 12-month low of $25.72 and a 12-month high of $26.15. The stock’s 50 day simple moving average is $25.87 and its 200 day simple moving average is $25.98.

Capital Group Short Duration Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were given a $0.0856 dividend. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a yield of 4.0%. This is a boost from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.07.

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. CGSD was launched on Oct 25, 2022 and is managed by Capital Group.