Stonebridge Financial Group LLC Invests $617,000 in Capital Group Short Duration Income ETF (NYSEARCA:CGSD)

Stonebridge Financial Group LLC purchased a new position in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) during the 4th quarter, Holdings Channel.com reports. The firm purchased 24,076 shares of the company’s stock, valued at approximately $617,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Brookstone Capital Management acquired a new stake in shares of Capital Group Short Duration Income ETF in the 4th quarter valued at $544,000. DAVENPORT & Co LLC lifted its position in shares of Capital Group Short Duration Income ETF by 2.1% during the 4th quarter. DAVENPORT & Co LLC now owns 24,582 shares of the company’s stock worth $630,000 after buying an additional 515 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Capital Group Short Duration Income ETF by 3,096.7% during the 3rd quarter. International Assets Investment Management LLC now owns 3,587,209 shares of the company’s stock worth $929,450,000 after buying an additional 3,474,992 shares during the last quarter. TrueWealth Advisors LLC boosted its stake in Capital Group Short Duration Income ETF by 54.3% in the third quarter. TrueWealth Advisors LLC now owns 17,388 shares of the company’s stock valued at $451,000 after buying an additional 6,117 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in Capital Group Short Duration Income ETF by 888.0% in the third quarter. Captrust Financial Advisors now owns 191,986 shares of the company’s stock valued at $4,974,000 after acquiring an additional 172,554 shares during the last quarter.

Capital Group Short Duration Income ETF Price Performance

Shares of NYSEARCA CGSD opened at $25.71 on Wednesday. Capital Group Short Duration Income ETF has a 12 month low of $25.21 and a 12 month high of $26.01. The stock has a 50-day moving average price of $25.69 and a two-hundred day moving average price of $25.75.

Capital Group Short Duration Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were given a dividend of $0.0778 per share. The ex-dividend date was Friday, January 31st.

Capital Group Short Duration Income ETF Company 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.