D.A. Davidson & CO. Buys Shares of 34,958 Capital Group Short Duration Income ETF $CGSD

D.A. Davidson & CO. bought a new stake in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) during the 1st quarter, Holdings Channel reports. The firm bought 34,958 shares of the company’s stock, valued at approximately $902,000.

Other institutional investors also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC bought a new position in shares of Capital Group Short Duration Income ETF in the fourth quarter worth $28,000. Birchwood Financial Partners Inc. bought a new stake in shares of Capital Group Short Duration Income ETF during the fourth quarter valued at about $32,000. Sound Income Strategies LLC bought a new stake in shares of Capital Group Short Duration Income ETF during the first quarter valued at about $39,000. IFP Advisors Inc raised its stake in shares of Capital Group Short Duration Income ETF by 102.4% during the third quarter. IFP Advisors Inc now owns 1,779 shares of the company’s stock valued at $46,000 after purchasing an additional 900 shares in the last quarter. Finally, Bank of America Corp DE acquired a new stake in Capital Group Short Duration Income ETF in the second quarter worth about $49,000.

Capital Group Short Duration Income ETF Trading Down 0.1%

Shares of CGSD opened at $25.68 on Friday. The firm has a 50-day moving average price of $25.76 and a 200 day moving average price of $25.89. Capital Group Short Duration Income ETF has a 52-week low of $25.65 and a 52-week high of $26.15.

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. CGSD was launched on Oct 25, 2022 and is managed by Capital Group.