iShares Russell 2500 ETF $SMMD Stock: Fifth Third Bancorp Increases Position

Fifth Third Bancorp lifted its holdings in iShares Russell 2500 ETF (BATS:SMMD) by 5.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,685,532 shares of the company’s stock after acquiring an additional 205,417 shares during the period. Fifth Third Bancorp owned 17.18% of iShares Russell 2500 ETF worth $315,187,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SMMD. Glenmede Trust Co. NA raised its stake in iShares Russell 2500 ETF by 12.1% during the 1st quarter. Glenmede Trust Co. NA now owns 4,413,593 shares of the company’s stock valued at $336,978,000 after purchasing an additional 475,969 shares during the period. Gerber Kawasaki Wealth & Investment Management bought a new position in iShares Russell 2500 ETF in the 3rd quarter worth approximately $47,502,000. Diesslin Group Inc. boosted its stake in iShares Russell 2500 ETF by 20.5% in the 2nd quarter. Diesslin Group Inc. now owns 351,000 shares of the company’s stock worth $32,162,000 after purchasing an additional 59,807 shares during the period. CWA Asset Management Group LLC bought a new position in iShares Russell 2500 ETF in the 3rd quarter worth approximately $19,964,000. Finally, Ulrich Consultants & Investment Group LLC purchased a new stake in iShares Russell 2500 ETF during the 3rd quarter valued at approximately $17,207,000.

iShares Russell 2500 ETF Price Performance

Shares of SMMD opened at $88.01 on Thursday. The firm has a market cap of $4.26 billion, a P/E ratio of 17.09 and a beta of 1.10. iShares Russell 2500 ETF has a 1 year low of $69.94 and a 1 year high of $93.42. The company has a 50 day simple moving average of $86.90 and a two-hundred day simple moving average of $85.58.

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.