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

Assetmark Inc. grew its position in Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) by 1,332.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 534,638 shares of the company’s stock after buying an additional 497,304 shares during the quarter. Assetmark Inc. owned 1.78% of Capital Group U.S. Small and Mid Cap ETF worth $15,178,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. RFG Advisory LLC bought a new stake in shares of Capital Group U.S. Small and Mid Cap ETF in the second quarter valued at about $632,000. Harbour Investments Inc. increased its position in Capital Group U.S. Small and Mid Cap ETF by 143.8% during the 2nd quarter. Harbour Investments Inc. now owns 21,010 shares of the company’s stock valued at $565,000 after purchasing an additional 12,392 shares during the period. Balboa Wealth Partners purchased a new position in Capital Group U.S. Small and Mid Cap ETF during the 2nd quarter valued at about $272,000. Stephens Inc. AR bought a new stake in shares of Capital Group U.S. Small and Mid Cap ETF in the 2nd quarter valued at about $7,005,000. Finally, Smith Thornton Advisors LLC lifted its position in shares of Capital Group U.S. Small and Mid Cap ETF by 0.5% in the 2nd quarter. Smith Thornton Advisors LLC now owns 113,644 shares of the company’s stock worth $3,055,000 after purchasing an additional 529 shares during the period.

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

NYSEARCA CGMM opened at $30.93 on Friday. The company has a market cap of $1.45 billion, a PE ratio of 21.71 and a beta of 1.27. The firm’s 50 day moving average price is $30.01 and its 200-day moving average price is $28.77. Capital Group U.S. Small and Mid Cap ETF has a 52-week low of $20.57 and a 52-week high of $31.46.

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.