SOL Capital Management CO Buys 23,865 Shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD)

SOL Capital Management CO boosted its stake in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 21.9% during the fourth quarter, Holdings Channel reports. The firm owned 132,842 shares of the company’s stock after purchasing an additional 23,865 shares during the quarter. SOL Capital Management CO’s holdings in Capital Group Short Duration Income ETF were worth $3,406,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CGSD. Gateway Wealth Partners LLC purchased a new stake in Capital Group Short Duration Income ETF during the 3rd quarter valued at $220,000. Delta Financial Group Inc. bought a new stake in shares of Capital Group Short Duration Income ETF in the third quarter worth $239,000. Raymond James Trust N.A. purchased a new stake in Capital Group Short Duration Income ETF during the third quarter valued at $390,000. Trilogy Capital Inc. lifted its holdings in Capital Group Short Duration Income ETF by 3.0% in the third quarter. Trilogy Capital Inc. now owns 15,180 shares of the company’s stock valued at $393,000 after acquiring an additional 440 shares during the period. Finally, Good Life Advisors LLC purchased a new position in Capital Group Short Duration Income ETF in the third quarter worth about $401,000.

Capital Group Short Duration Income ETF Stock Up 0.0 %

NYSEARCA CGSD opened at $25.78 on Friday. The company has a 50-day moving average price of $25.69 and a 200-day moving average price of $25.74. Capital Group Short Duration Income ETF has a 52 week low of $25.21 and a 52 week high of $26.01.

Capital Group Short Duration Income ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 29th were issued a dividend of $0.0902 per share. This is a boost from Capital Group Short Duration Income ETF’s previous dividend of $0.08. The ex-dividend date was Friday, November 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.