Pinnacle Wealth Management Advisory Group LLC Takes Position in iShares Russell 2500 ETF $SMMD

Pinnacle Wealth Management Advisory Group LLC bought a new stake in iShares Russell 2500 ETF (BATS:SMMD) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,988 shares of the company’s stock, valued at approximately $1,602,000. Pinnacle Wealth Management Advisory Group LLC owned approximately 0.10% of iShares Russell 2500 ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SMMD. Glenmede Investment Management LP boosted its stake in iShares Russell 2500 ETF by 16.2% during the third quarter. Glenmede Investment Management LP now owns 3,404,659 shares of the company’s stock worth $251,026,000 after buying an additional 473,942 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management increased its holdings in iShares Russell 2500 ETF by 283.1% in the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 443,973 shares of the company’s stock valued at $32,734,000 after buying an additional 328,098 shares during the period. Blair William & Co. IL raised its stake in shares of iShares Russell 2500 ETF by 156.7% in the 4th quarter. Blair William & Co. IL now owns 479,957 shares of the company’s stock valued at $35,968,000 after buying an additional 292,966 shares in the last quarter. Focus Partners Wealth raised its stake in shares of iShares Russell 2500 ETF by 53.0% in the 4th quarter. Focus Partners Wealth now owns 757,995 shares of the company’s stock valued at $56,804,000 after buying an additional 262,684 shares in the last quarter. Finally, CENTRAL TRUST Co raised its stake in shares of iShares Russell 2500 ETF by 27.1% in the 1st quarter. CENTRAL TRUST Co now owns 949,678 shares of the company’s stock valued at $72,508,000 after buying an additional 202,293 shares in the last quarter.

iShares Russell 2500 ETF Stock Performance

BATS:SMMD opened at $90.92 on Friday. The company has a 50-day moving average of $87.02 and a 200-day moving average of $81.41. iShares Russell 2500 ETF has a 52 week low of $66.96 and a 52 week high of $91.81. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 19.95 and a beta of 1.09.

iShares Russell 2500 ETF 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.