Truist Financial Corp Purchases 72,974 Shares of Capital Group U.S. Small and Mid Cap ETF $CGMM

Truist Financial Corp boosted its position in shares of Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) by 343.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 94,216 shares of the company’s stock after purchasing an additional 72,974 shares during the quarter. Truist Financial Corp owned about 0.31% of Capital Group U.S. Small and Mid Cap ETF worth $2,675,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CGMM. Coign Capital Advisors LLC bought a new stake in shares of Capital Group U.S. Small and Mid Cap ETF during the third quarter worth approximately $6,597,000. Cullen Frost Bankers Inc. raised its position in shares of Capital Group U.S. Small and Mid Cap ETF by 99.5% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 75,180 shares of the company’s stock valued at $2,134,000 after acquiring an additional 37,495 shares during the last quarter. Ergawealth Advisors Inc. lifted its stake in Capital Group U.S. Small and Mid Cap ETF by 244.0% in the third quarter. Ergawealth Advisors Inc. now owns 332,764 shares of the company’s stock valued at $9,447,000 after buying an additional 236,032 shares during the period. 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 valued at approximately $5,206,000. Finally, Janney Montgomery Scott LLC bought a new stake in Capital Group U.S. Small and Mid Cap ETF in the second quarter valued at approximately $890,000.

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

CGMM opened at $31.09 on Friday. The stock has a market cap of $1.46 billion, a P/E 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 $31.17. The company has a fifty day simple moving average of $29.77 and a 200 day simple moving average of $28.66.

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.