Brookstone Capital Management Grows Position in Capital Group Ultra Short Income ETF $CGUI

Brookstone Capital Management raised its stake in shares of Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) by 589.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 414,867 shares of the company’s stock after purchasing an additional 354,705 shares during the quarter. Brookstone Capital Management owned about 4.41% of Capital Group Ultra Short Income ETF worth $10,488,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. EverSource Wealth Advisors LLC purchased a new stake in shares of Capital Group Ultra Short Income ETF during the third quarter valued at $30,000. Farther Finance Advisors LLC acquired a new stake in Capital Group Ultra Short Income ETF during the 4th quarter worth about $63,000. JPMorgan Chase & Co. acquired a new stake in Capital Group Ultra Short Income ETF during the 2nd quarter worth about $136,000. Spire Wealth Management acquired a new stake in Capital Group Ultra Short Income ETF during the 4th quarter worth about $200,000. Finally, Kestra Advisory Services LLC purchased a new stake in Capital Group Ultra Short Income ETF during the 4th quarter valued at about $298,000.

Capital Group Ultra Short Income ETF Price Performance

Shares of CGUI stock opened at $25.32 on Tuesday. The stock’s 50-day simple moving average is $25.33 and its 200-day simple moving average is $25.34. Capital Group Ultra Short Income ETF has a fifty-two week low of $25.20 and a fifty-two week high of $25.41.

Capital Group Ultra Short Income ETF Profile

The Capital Group Ultra Short Income ETF (CGUI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of USD-denominated, income-producing debt securities with investment grade ratings and ultra-short term duration. It seeks current income and capital preservation while aiming to maintain a dollar-weighted average maturity of two years or less. CGUI was launched on Jun 25, 2024 and is issued by Capital Group.