Truist Financial Corp Increases Stock Holdings in Capital Group Short Duration Income ETF (NYSEARCA:CGSD)

Truist Financial Corp lifted its position in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 23.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,879 shares of the company’s stock after buying an additional 7,096 shares during the quarter. Truist Financial Corp owned approximately 0.21% of Capital Group Short Duration Income ETF worth $971,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in Capital Group Short Duration Income ETF by 106.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 115,875 shares of the company’s stock valued at $3,002,000 after purchasing an additional 59,802 shares in the last quarter. TrueWealth Advisors LLC raised 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 purchasing an additional 6,117 shares in the last quarter. Smith Thornton Advisors LLC purchased a new stake in Capital Group Short Duration Income ETF in the third quarter valued at approximately $718,000. Beta Wealth Group Inc. purchased a new stake in Capital Group Short Duration Income ETF in the third quarter valued at approximately $7,465,000. Finally, Souders Financial Advisors raised its stake in Capital Group Short Duration Income ETF by 13.3% in the third quarter. Souders Financial Advisors now owns 268,707 shares of the company’s stock valued at $6,962,000 after purchasing an additional 31,468 shares in the last quarter.

Capital Group Short Duration Income ETF Stock Down 0.2 %

Shares of CGSD opened at $25.82 on Friday. The firm’s 50 day simple moving average is $25.70 and its 200 day simple moving average is $25.75. Capital Group Short Duration Income ETF has a 1-year low of $25.21 and a 1-year high of $26.01.

Capital Group Short Duration Income ETF Cuts Dividend

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

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.