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

Wedbush Securities Inc. reduced its position in Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) by 98.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,272 shares of the company’s stock after selling 700,615 shares during the period. Wedbush Securities Inc.’s holdings in Capital Group U.S. Small and Mid Cap ETF were worth $287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC grew its position in Capital Group U.S. Small and Mid Cap ETF by 20.0% during the first quarter. Harbor Investment Advisory LLC now owns 2,886 shares of the company’s stock valued at $85,000 after buying an additional 480 shares during the period. Continuum Advisory LLC acquired a new position in shares of Capital Group U.S. Small and Mid Cap ETF in the second quarter worth about $123,000. James T. Borello RIA acquired a new stake in shares of Capital Group U.S. Small and Mid Cap ETF during the 3rd quarter valued at about $134,000. Root Financial Partners LLC purchased a new position in shares of Capital Group U.S. Small and Mid Cap ETF in the 1st quarter valued at about $145,000. Finally, IFP Advisors Inc increased its stake in shares of Capital Group U.S. Small and Mid Cap ETF by 100.3% in the 2nd quarter. IFP Advisors Inc now owns 5,377 shares of the company’s stock valued at $177,000 after purchasing an additional 2,693 shares in the last quarter.

Capital Group U.S. Small and Mid Cap ETF Trading Up 0.3%

NYSEARCA CGMM opened at $31.55 on Thursday. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 21.71 and a beta of 0.86. Capital Group U.S. Small and Mid Cap ETF has a twelve month low of $26.80 and a twelve month high of $33.84. The stock has a 50-day moving average of $31.84 and a 200 day moving average of $31.44.

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.