Commonwealth Equity Services LLC Purchases New Holdings in Capital Group Short Duration Income ETF $CGSD

Commonwealth Equity Services LLC purchased a new position in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) in the 3rd quarter, Holdings Channel reports. The firm purchased 2,369,719 shares of the company’s stock, valued at approximately $59,835,000.

A number of other large investors also recently bought and sold shares of CGSD. GAMMA Investing LLC acquired a new position in shares of Capital Group Short Duration Income ETF in the 2nd quarter valued at $27,000. North Star Investment Management Corp. acquired a new stake in shares of Capital Group Short Duration Income ETF during the 3rd quarter worth $35,000. Signature Equity Partners LLC increased its holdings in shares of Capital Group Short Duration Income ETF by 341.2% during the 3rd quarter. Signature Equity Partners LLC now owns 2,422 shares of the company’s stock worth $61,000 after buying an additional 1,873 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Capital Group Short Duration Income ETF by 1,078.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,168 shares of the company’s stock worth $181,000 after buying an additional 6,560 shares during the last quarter. Finally, Summit Global Investments purchased a new position in shares of Capital Group Short Duration Income ETF in the 1st quarter worth $274,000.

Capital Group Short Duration Income ETF Stock Down 0.0%

Shares of CGSD opened at $25.49 on Friday. The stock’s fifty day simple moving average is $25.44 and its 200 day simple moving average is $25.75. Capital Group Short Duration Income ETF has a twelve month low of $25.22 and a twelve month high of $26.15.

Capital Group Short Duration Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were paid a $0.0976 dividend. The ex-dividend date of this dividend was Friday, October 30th. This represents a $1.17 annualized dividend and a dividend yield of 4.6%. This is an increase from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.0917.

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