Advisory Resource Group Reduces Stake in iShares Russell 2500 ETF (BATS:SMMD)

Advisory Resource Group lessened its stake in shares of iShares Russell 2500 ETF (BATS:SMMD) by 6.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,624 shares of the company’s stock after selling 2,297 shares during the period. Advisory Resource Group owned about 0.16% of iShares Russell 2500 ETF worth $2,103,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Coldstream Capital Management Inc. increased its position in shares of iShares Russell 2500 ETF by 54.2% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,587,780 shares of the company’s stock worth $107,969,000 after purchasing an additional 558,372 shares in the last quarter. Bank of America Corp DE raised its stake in shares of iShares Russell 2500 ETF by 48.8% in the fourth quarter. Bank of America Corp DE now owns 688,304 shares of the company’s stock worth $46,805,000 after purchasing an additional 225,718 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of iShares Russell 2500 ETF by 41.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 765,409 shares of the company’s stock worth $52,048,000 after purchasing an additional 223,880 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of iShares Russell 2500 ETF in the first quarter worth about $12,695,000. Finally, Raymond James Financial Inc. purchased a new position in shares of iShares Russell 2500 ETF in the fourth quarter worth about $11,268,000.

iShares Russell 2500 ETF Stock Down 3.6%

Shares of BATS:SMMD opened at $65.82 on Thursday. iShares Russell 2500 ETF has a 52-week low of $53.81 and a 52-week high of $74.66. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 16.96 and a beta of 1.10. The business has a 50-day moving average price of $63.36 and a 200-day moving average price of $65.99.

iShares Russell 2500 ETF Company Profile

The iShares Russell 2500 ETF (SMMD) is an exchange-traded fund that is based on the Russell 2500 index, a market-cap-weighted index of US companies ranked 501-3,000 by market cap. SMMD was launched on Jul 6, 2017 and is managed by BlackRock.