iShares Russell 2500 ETF $SMMD Shares Sold by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. reduced its stake in shares of iShares Russell 2500 ETF (BATS:SMMD) by 99.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,200 shares of the company’s stock after selling 412,591 shares during the quarter. Edgemoor Investment Advisors Inc.’s holdings in iShares Russell 2500 ETF were worth $274,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Means Investment CO. Inc. purchased a new stake in iShares Russell 2500 ETF in the 3rd quarter worth approximately $207,000. Guidance Capital Inc. acquired a new stake in shares of iShares Russell 2500 ETF during the 3rd quarter worth approximately $4,114,000. Heritage Family Offices LLP acquired a new stake in shares of iShares Russell 2500 ETF during the 3rd quarter worth approximately $5,444,000. Kestra Advisory Services LLC purchased a new position in shares of iShares Russell 2500 ETF during the 3rd quarter valued at approximately $2,695,000. Finally, Commonwealth Equity Services LLC purchased a new position in shares of iShares Russell 2500 ETF during the 3rd quarter valued at approximately $6,030,000.

iShares Russell 2500 ETF Price Performance

SMMD opened at $85.11 on Monday. The firm has a fifty day moving average price of $87.04 and a 200 day moving average price of $85.47. iShares Russell 2500 ETF has a 1 year low of $69.94 and a 1 year high of $93.42. The stock has a market cap of $4.12 billion, a P/E ratio of 17.09 and a beta of 1.10.

About iShares Russell 2500 ETF

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.