Merit Financial Group LLC Grows Position in Capital Group U.S. Small and Mid Cap ETF $CGMM

Merit Financial Group LLC raised its holdings in shares of Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) by 3,215.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,316,034 shares of the company’s stock after buying an additional 1,276,343 shares during the period. Merit Financial Group LLC owned about 4.39% of Capital Group U.S. Small and Mid Cap ETF worth $37,362,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Envestnet Asset Management Inc. increased its holdings in Capital Group U.S. Small and Mid Cap ETF by 139.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,846,515 shares of the company’s stock worth $49,634,000 after purchasing an additional 1,073,891 shares during the period. Captrust Financial Advisors increased its stake in shares of Capital Group U.S. Small and Mid Cap ETF by 2,813.8% during the second quarter. Captrust Financial Advisors now owns 923,440 shares of the company’s stock valued at $24,822,000 after buying an additional 891,748 shares during the period. NewEdge Advisors LLC purchased a new position in shares of Capital Group U.S. Small and Mid Cap ETF during the second quarter valued at $13,595,000. Osaic Holdings Inc. raised its holdings in shares of Capital Group U.S. Small and Mid Cap ETF by 1,090.9% in the second quarter. Osaic Holdings Inc. now owns 414,909 shares of the company’s stock valued at $11,153,000 after acquiring an additional 380,069 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in Capital Group U.S. Small and Mid Cap ETF in the second quarter worth about $7,576,000.

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

NYSEARCA:CGMM opened at $30.93 on Tuesday. Capital Group U.S. Small and Mid Cap ETF has a one year low of $20.57 and a one year high of $31.46. The firm has a market cap of $1.45 billion, a P/E ratio of 21.71 and a beta of 1.27. The firm has a 50-day simple moving average of $30.05 and a 200-day simple moving average of $28.80.

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.