Essex Financial Services Inc. Grows Stake in Capital Group U.S. Small and Mid Cap ETF $CGMM

Essex Financial Services Inc. raised its position in shares of Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) by 16.5% in the first quarter, Holdings Channel.com reports. The fund owned 108,398 shares of the company’s stock after acquiring an additional 15,359 shares during the quarter. Essex Financial Services Inc.’s holdings in Capital Group U.S. Small and Mid Cap ETF were worth $3,183,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Wedbush Securities Inc. raised its stake in Capital Group U.S. Small and Mid Cap ETF by 5.0% in the 4th quarter. Wedbush Securities Inc. now owns 7,640 shares of the company’s stock valued at $220,000 after purchasing an additional 363 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of Capital Group U.S. Small and Mid Cap ETF by 2.0% during the first quarter. Nations Financial Group Inc. IA ADV now owns 23,230 shares of the company’s stock worth $682,000 after buying an additional 450 shares in the last quarter. Harbor Investment Advisory LLC grew its holdings in shares of 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 in the last quarter. Pines Wealth Management LLC raised its position in shares of Capital Group U.S. Small and Mid Cap ETF by 1.5% in the fourth quarter. Pines Wealth Management LLC now owns 34,321 shares of the company’s stock valued at $990,000 after buying an additional 499 shares during the last quarter. Finally, Sovran Advisors LLC raised its position in shares of Capital Group U.S. Small and Mid Cap ETF by 2.3% in the fourth quarter. Sovran Advisors LLC now owns 23,842 shares of the company’s stock valued at $736,000 after buying an additional 528 shares during the last quarter.

Capital Group U.S. Small and Mid Cap ETF Trading Down 0.1%

NYSEARCA:CGMM opened at $32.93 on Thursday. The company’s 50-day moving average price is $31.73 and its 200-day moving average price is $30.75. The company has a market cap of $3.03 billion, a P/E ratio of 21.71 and a beta of 0.81. Capital Group U.S. Small and Mid Cap ETF has a twelve month low of $26.68 and a twelve month high of $33.25.

Capital Group U.S. Small and Mid Cap ETF Company 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.