Essex Financial Services Inc. Buys 45,338 Shares of Capital Group U.S. Small and Mid Cap ETF $CGMM

Essex Financial Services Inc. lifted its stake in shares of Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) by 194.3% during the third quarter, Holdings Channel.com reports. The firm owned 68,672 shares of the company’s stock after buying an additional 45,338 shares during the period. Essex Financial Services Inc.’s holdings in Capital Group U.S. Small and Mid Cap ETF were worth $1,950,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Envestnet Asset Management Inc. raised its position in Capital Group U.S. Small and Mid Cap ETF by 181.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,204,921 shares of the company’s stock worth $147,768,000 after purchasing an additional 3,358,406 shares during the last quarter. Merit Financial Group LLC boosted its position in Capital Group U.S. Small and Mid Cap ETF by 3,215.7% in the 3rd quarter. Merit Financial Group LLC now owns 1,316,034 shares of the company’s stock valued at $37,362,000 after buying an additional 1,276,343 shares during the last quarter. Captrust Financial Advisors boosted its position in Capital Group U.S. Small and Mid Cap ETF by 2,813.8% in the 2nd quarter. Captrust Financial Advisors now owns 923,440 shares of the company’s stock valued at $24,822,000 after buying an additional 891,748 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Capital Group U.S. Small and Mid Cap ETF in the 2nd quarter valued at $13,595,000. Finally, Assetmark Inc. raised its position in shares of Capital Group U.S. Small and Mid Cap ETF by 1,332.0% during the third quarter. Assetmark Inc. now owns 534,638 shares of the company’s stock worth $15,178,000 after acquiring an additional 497,304 shares during the last quarter.

Capital Group U.S. Small and Mid Cap ETF Stock Up 0.9%

Shares of CGMM opened at $31.26 on Thursday. The stock’s fifty day simple moving average is $30.13 and its 200-day simple moving average is $28.85. The firm has a market capitalization of $1.46 billion, a PE ratio of 21.71 and a beta of 1.27. Capital Group U.S. Small and Mid Cap ETF has a 12-month low of $20.57 and a 12-month high of $31.46.

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.