Wedbush Securities Inc. Sells 700,615 Shares of Capital Group U.S. Small and Mid Cap ETF $CGMM

Wedbush Securities Inc. cut its stake in Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) by 98.7% in the third quarter, Holdings Channel.com reports. The firm owned 9,272 shares of the company’s stock after selling 700,615 shares during the quarter. Wedbush Securities Inc.’s holdings in Capital Group U.S. Small and Mid Cap ETF were worth $287,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CGMM. Tempus Wealth Planning LLC lifted its position in Capital Group U.S. Small and Mid Cap ETF by 1.4% during the third quarter. Tempus Wealth Planning LLC now owns 26,921 shares of the company’s stock worth $833,000 after buying an additional 368 shares in the last quarter. Harbor Investment Advisory LLC boosted its stake 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 worth $85,000 after buying an additional 480 shares during the last quarter. Sovran Advisors LLC boosted its stake in Capital Group U.S. Small and Mid Cap ETF by 2.2% during the first quarter. Sovran Advisors LLC now owns 24,365 shares of the company’s stock worth $770,000 after buying an additional 523 shares during the last quarter. Diversify Advisory Services LLC grew its holdings in Capital Group U.S. Small and Mid Cap ETF by 2.4% in the 3rd quarter. Diversify Advisory Services LLC now owns 27,953 shares of the company’s stock valued at $876,000 after buying an additional 645 shares in the last quarter. Finally, Trinity Wealth Management LLC grew its holdings in Capital Group U.S. Small and Mid Cap ETF by 2.4% in the 2nd quarter. Trinity Wealth Management LLC now owns 28,578 shares of the company’s stock valued at $942,000 after buying an additional 677 shares in the last quarter.

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

Shares of NYSEARCA:CGMM opened at $31.55 on Thursday. Capital Group U.S. Small and Mid Cap ETF has a 52-week low of $26.80 and a 52-week high of $33.84. The stock has a market cap of $3.58 billion, a P/E ratio of 21.71 and a beta of 0.86. The business has a fifty day moving average of $31.84 and a two-hundred day moving average of $31.44.

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.