Balboa Wealth Partners Invests $272,000 in Capital Group U.S. Small and Mid Cap ETF $CGMM

Balboa Wealth Partners purchased a new stake in shares of Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,102 shares of the company’s stock, valued at approximately $272,000. Balboa Wealth Partners owned about 0.07% of Capital Group U.S. Small and Mid Cap ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Latitude Advisors LLC lifted its holdings in Capital Group U.S. Small and Mid Cap ETF by 24.7% during the 2nd quarter. Latitude Advisors LLC now owns 15,399 shares of the company’s stock worth $414,000 after buying an additional 3,055 shares in the last quarter. Harbour Investments Inc. increased its stake in shares of Capital Group U.S. Small and Mid Cap ETF by 143.8% in the 2nd quarter. Harbour Investments Inc. now owns 21,010 shares of the company’s stock valued at $565,000 after buying an additional 12,392 shares during the period. JGP Wealth Management LLC bought a new stake in shares of Capital Group U.S. Small and Mid Cap ETF during the second quarter worth $209,000. Sagespring Wealth Partners LLC acquired a new position in shares of Capital Group U.S. Small and Mid Cap ETF during the second quarter valued at $692,000. Finally, RFG Advisory LLC acquired a new position in shares of Capital Group U.S. Small and Mid Cap ETF during the second quarter valued at $632,000.

Capital Group U.S. Small and Mid Cap ETF Stock Up 0.5%

Shares of CGMM stock opened at $28.54 on Wednesday. The stock has a 50-day moving average price of $28.26 and a 200 day moving average price of $26.52. The firm has a market cap of $787.70 million and a price-to-earnings ratio of 21.71. Capital Group U.S. Small and Mid Cap ETF has a 12 month low of $20.57 and a 12 month high of $28.80.

About Capital Group U.S. Small and Mid Cap ETF

The Capital Group U.S. Small and Mid Cap ETF (CGMM) is an exchange-traded fund that mostly invests in extended market equity. The fund is actively managed, investing primarily in equity-type securities of small and mid-cap companies in the US. The fund aims for capital growth CGMM was launched on Jan 14, 2025 and is issued by Capital Group.