Cullen Frost Bankers Inc. Boosts Position in Capital Group U.S. Small and Mid Cap ETF $CGMM

Cullen Frost Bankers Inc. raised its stake in Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) by 99.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,180 shares of the company’s stock after buying an additional 37,495 shares during the period. Cullen Frost Bankers Inc.’s holdings in Capital Group U.S. Small and Mid Cap ETF were worth $2,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC increased its position in shares of Capital Group U.S. Small and Mid Cap ETF by 35.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 83,792 shares of the company’s stock worth $2,302,000 after acquiring an additional 21,742 shares during the period. Janney Montgomery Scott LLC bought a new position in Capital Group U.S. Small and Mid Cap ETF in the second quarter worth approximately $890,000. Truist Financial Corp increased its holdings in Capital Group U.S. Small and Mid Cap ETF by 6.2% during the 2nd quarter. Truist Financial Corp now owns 21,242 shares of the company’s stock worth $571,000 after purchasing an additional 1,238 shares during the period. Barrett & Company Inc. raised its position in Capital Group U.S. Small and Mid Cap ETF by 10.7% during the 2nd quarter. Barrett & Company Inc. now owns 5,675 shares of the company’s stock valued at $153,000 after purchasing an additional 550 shares in the last quarter. Finally, Ergawealth Advisors Inc. purchased a new stake in shares of Capital Group U.S. Small and Mid Cap ETF in the 2nd quarter worth $2,600,000.

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

CGMM opened at $30.55 on Tuesday. Capital Group U.S. Small and Mid Cap ETF has a 12-month low of $20.57 and a 12-month high of $31.17. The business’s fifty day simple moving average is $29.31 and its 200-day simple moving average is $28.49. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 21.71 and a beta of 1.27.

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.