Raymond James Financial Inc. Acquires Shares of 543,794 Capital Group Short Duration Income ETF (NYSEARCA:CGSD)

Raymond James Financial Inc. bought a new position in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) during the 4th quarter, HoldingsChannel reports. The fund bought 543,794 shares of the company’s stock, valued at approximately $13,943,000.

A number of other large investors have also made changes to their positions in the stock. LPL Financial LLC grew its holdings in Capital Group Short Duration Income ETF by 59.8% in the 4th quarter. LPL Financial LLC now owns 2,158,245 shares of the company’s stock valued at $55,337,000 after buying an additional 807,350 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Capital Group Short Duration Income ETF by 9.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,606,759 shares of the company’s stock worth $41,197,000 after purchasing an additional 136,147 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Capital Group Short Duration Income ETF by 13.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 558,407 shares of the company’s stock worth $14,318,000 after purchasing an additional 65,465 shares during the period. Souders Financial Advisors grew its stake in shares of Capital Group Short Duration Income ETF by 16.6% in the 4th quarter. Souders Financial Advisors now owns 313,335 shares of the company’s stock valued at $8,034,000 after buying an additional 44,628 shares during the period. Finally, Beta Wealth Group Inc. increased its holdings in shares of Capital Group Short Duration Income ETF by 4.6% during the 4th quarter. Beta Wealth Group Inc. now owns 301,386 shares of the company’s stock worth $7,728,000 after buying an additional 13,271 shares during the last quarter.

Capital Group Short Duration Income ETF Stock Performance

Shares of CGSD opened at $25.79 on Tuesday. The company’s 50-day moving average price is $25.81 and its 200 day moving average price is $25.74. Capital Group Short Duration Income ETF has a 12-month low of $25.21 and a 12-month high of $26.02.

Capital Group Short Duration Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 28th were paid a dividend of $0.0943 per share. This is a positive change from Capital Group Short Duration Income ETF’s previous dividend of $0.08. The ex-dividend date was Friday, March 28th.

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.