Tradition Wealth Management LLC Raises Position in Capital Group U.S. Small and Mid Cap ETF $CGMM

Tradition Wealth Management LLC increased its holdings in Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) by 74.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 120,855 shares of the company’s stock after buying an additional 51,495 shares during the period. Tradition Wealth Management LLC’s holdings in Capital Group U.S. Small and Mid Cap ETF were worth $3,485,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CGMM. Comerica Bank bought a new position in shares of Capital Group U.S. Small and Mid Cap ETF in the third quarter worth approximately $29,000. Raymond James Financial Inc. purchased a new stake in Capital Group U.S. Small and Mid Cap ETF in the second quarter worth approximately $30,000. Westside Investment Management Inc. bought a new stake in Capital Group U.S. Small and Mid Cap ETF in the third quarter valued at approximately $33,000. EverSource Wealth Advisors LLC bought a new stake in Capital Group U.S. Small and Mid Cap ETF in the third quarter valued at approximately $36,000. Finally, CIBC Private Wealth Group LLC bought a new stake in Capital Group U.S. Small and Mid Cap ETF in the third quarter valued at approximately $38,000.

Capital Group U.S. Small and Mid Cap ETF Stock Performance

Shares of CGMM stock opened at $31.37 on Friday. Capital Group U.S. Small and Mid Cap ETF has a fifty-two week low of $25.71 and a fifty-two week high of $32.38. The stock has a 50 day moving average price of $31.06 and a two-hundred day moving average price of $30.24. The company has a market capitalization of $2.35 billion, a P/E ratio of 21.71 and a beta of 0.86.

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.