Royal Bank of Canada Increases Position in Capital Group U.S. Small and Mid Cap ETF $CGMM

Royal Bank of Canada raised its holdings in shares of Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) by 25.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 793,978 shares of the company’s stock after purchasing an additional 159,187 shares during the quarter. Royal Bank of Canada owned 1.06% of Capital Group U.S. Small and Mid Cap ETF worth $23,312,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Comerica Bank acquired a new position in Capital Group U.S. Small and Mid Cap ETF in the third quarter worth about $29,000. Raymond James Financial Inc. bought a new position in Capital Group U.S. Small and Mid Cap ETF during the 2nd quarter worth approximately $30,000. CIBC Private Wealth Group LLC bought a new position in Capital Group U.S. Small and Mid Cap ETF during the 3rd quarter worth approximately $38,000. Capital Analysts LLC lifted its holdings in Capital Group U.S. Small and Mid Cap ETF by 1,083.5% during the 4th quarter. Capital Analysts LLC now owns 1,361 shares of the company’s stock worth $39,000 after buying an additional 1,246 shares during the last quarter. Finally, CWM LLC grew its position in shares of Capital Group U.S. Small and Mid Cap ETF by 37.3% in the 4th quarter. CWM LLC now owns 1,990 shares of the company’s stock worth $57,000 after acquiring an additional 541 shares in the last quarter.

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

CGMM stock opened at $32.91 on Thursday. Capital Group U.S. Small and Mid Cap ETF has a 1-year low of $26.80 and a 1-year high of $33.25. The firm has a fifty day moving average price of $32.17 and a two-hundred day moving average price of $31.21. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 21.71 and a beta of 0.83.

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.