Capital Group U.S. Small and Mid Cap ETF $CGMM Position Raised by Wedbush Securities Inc.

Wedbush Securities Inc. boosted its position in Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) by 9,617.8% in the second quarter, HoldingsChannel.com reports. The firm owned 709,887 shares of the company’s stock after purchasing an additional 702,582 shares during the quarter. Capital Group U.S. Small and Mid Cap ETF comprises approximately 0.7% of Wedbush Securities Inc.’s investment portfolio, making the stock its 21st biggest holding. Wedbush Securities Inc.’s holdings in Capital Group U.S. Small and Mid Cap ETF were worth $28,265,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CGMM. Sei Investments Co. raised its stake in shares of Capital Group U.S. Small and Mid Cap ETF by 1,613.3% in the 2nd quarter. Sei Investments Co. now owns 242,983 shares of the company’s stock worth $6,531,000 after buying an additional 228,801 shares in the last quarter. Raymond James Financial Inc. bought a new position in Capital Group U.S. Small and Mid Cap ETF during the second quarter valued at about $30,000. Benjamin Edwards Inc. boosted its stake in Capital Group U.S. Small and Mid Cap ETF by 134.1% during the second quarter. Benjamin Edwards Inc. now owns 96,264 shares of the company’s stock valued at $2,588,000 after buying an additional 55,149 shares in the last quarter. MML Investors Services LLC boosted its stake in Capital Group U.S. Small and Mid Cap ETF by 37.2% during the second quarter. MML Investors Services LLC now owns 229,187 shares of the company’s stock valued at $6,161,000 after buying an additional 62,129 shares in the last quarter. Finally, Orion Porfolio Solutions LLC acquired a new position in Capital Group U.S. Small and Mid Cap ETF during the second quarter worth about $851,000.

Capital Group U.S. Small and Mid Cap ETF Trading Down 1.1%

Shares of Capital Group U.S. Small and Mid Cap ETF stock opened at $32.81 on Friday. The company’s 50-day moving average price is $32.63 and its two-hundred day moving average price is $31.53. Capital Group U.S. Small and Mid Cap ETF has a 52 week low of $26.80 and a 52 week high of $33.84. The stock has a market cap of $3.23 billion, a PE ratio of 21.71 and a beta of 0.83.

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

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.