Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Shares Purchased by Financial Management Network Inc.

Financial Management Network Inc. increased its position in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 21.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 100,437 shares of the company’s stock after acquiring an additional 17,665 shares during the quarter. Financial Management Network Inc. owned approximately 0.57% of Capital Group Short Duration Income ETF worth $2,592,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Delta Financial Group Inc. purchased a new position in Capital Group Short Duration Income ETF during the third quarter worth approximately $239,000. Concourse Financial Group Securities Inc. raised its stake in shares of Capital Group Short Duration Income ETF by 60.7% in the 1st quarter. Concourse Financial Group Securities Inc. now owns 10,805 shares of the company’s stock valued at $275,000 after acquiring an additional 4,080 shares during the period. Trilogy Capital Inc. purchased a new position in shares of Capital Group Short Duration Income ETF in the 1st quarter valued at $282,000. TrueWealth Advisors LLC purchased a new position in shares of Capital Group Short Duration Income ETF in the 2nd quarter valued at $286,000. Finally, Ausdal Financial Partners Inc. purchased a new position in shares of Capital Group Short Duration Income ETF in the 2nd quarter valued at $365,000.

Capital Group Short Duration Income ETF Stock Performance

Shares of CGSD stock traded up $0.02 during mid-day trading on Friday, reaching $25.80. The company’s stock had a trading volume of 30,689 shares, compared to its average volume of 166,406. The company’s 50 day simple moving average is $25.84 and its 200-day simple moving average is $25.60. Capital Group Short Duration Income ETF has a 12-month low of $24.97 and a 12-month high of $26.01.

Capital Group Short Duration Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were issued a dividend of $0.083 per share. The ex-dividend date was Friday, September 27th.

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.