Capital Group U.S. Small and Mid Cap ETF $CGMM Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its holdings in Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) by 181.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,204,921 shares of the company’s stock after purchasing an additional 3,358,406 shares during the quarter. Envestnet Asset Management Inc. owned approximately 17.35% of Capital Group U.S. Small and Mid Cap ETF worth $147,768,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CGMM. Coign Capital Advisors LLC bought a new position in Capital Group U.S. Small and Mid Cap ETF during the 3rd quarter worth $6,597,000. Truist Financial Corp boosted its holdings in shares of Capital Group U.S. Small and Mid Cap ETF by 6.2% during the second quarter. Truist Financial Corp now owns 21,242 shares of the company’s stock valued at $571,000 after acquiring an additional 1,238 shares during the period. Cullen Frost Bankers Inc. grew its position in shares of Capital Group U.S. Small and Mid Cap ETF by 99.5% during the third quarter. Cullen Frost Bankers Inc. now owns 75,180 shares of the company’s stock worth $2,134,000 after acquiring an additional 37,495 shares during the last quarter. Ergawealth Advisors Inc. grew its position in shares of Capital Group U.S. Small and Mid Cap ETF by 244.0% during the third quarter. Ergawealth Advisors Inc. now owns 332,764 shares of the company’s stock worth $9,447,000 after acquiring an additional 236,032 shares during the last quarter. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of Capital Group U.S. Small and Mid Cap ETF in the 2nd quarter worth about $5,206,000.

Capital Group U.S. Small and Mid Cap ETF Stock Up 3.1%

Shares of NYSEARCA:CGMM opened at $31.09 on Friday. The company’s 50-day moving average price is $29.77 and its 200 day moving average price is $28.66. The company has a market cap 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 fifty-two week low of $20.57 and a fifty-two week high of $31.17.

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.