MML Investors Services LLC Increases Stock Holdings in Capital Group Short Duration Income ETF (NYSEARCA:CGSD)

MML Investors Services LLC grew its stake in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 8.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 216,469 shares of the company’s stock after buying an additional 17,487 shares during the period. MML Investors Services LLC’s holdings in Capital Group Short Duration Income ETF were worth $5,609,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CGSD. Gateway Wealth Partners LLC purchased a new stake in Capital Group Short Duration Income ETF in the third quarter valued at $220,000. Delta Financial Group Inc. acquired a new stake in Capital Group Short Duration Income ETF during the third quarter worth about $239,000. TrueWealth Advisors LLC purchased a new position in Capital Group Short Duration Income ETF during the second quarter valued at approximately $286,000. Ausdal Financial Partners Inc. acquired a new position in Capital Group Short Duration Income ETF in the second quarter valued at approximately $365,000. Finally, Raymond James Trust N.A. purchased a new stake in Capital Group Short Duration Income ETF in the 3rd quarter worth approximately $390,000.

Capital Group Short Duration Income ETF Stock Up 0.0 %

NYSEARCA:CGSD opened at $25.75 on Friday. The company has a 50 day moving average price of $25.73 and a 200-day moving average price of $25.68. Capital Group Short Duration Income ETF has a 1-year low of $25.06 and a 1-year high of $26.01.

Capital Group Short Duration Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 29th were paid a dividend of $0.0902 per share. This is a positive change from Capital Group Short Duration Income ETF’s previous dividend of $0.08. The ex-dividend date of this dividend was Friday, November 29th.

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.