Spartan Wealth Advisory Services LLC Acquires New Position in iShares Russell 2500 ETF $SMMD

Spartan Wealth Advisory Services LLC bought a new position in iShares Russell 2500 ETF (BATS:SMMD) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 23,720 shares of the company’s stock, valued at approximately $1,811,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its holdings in iShares Russell 2500 ETF by 485.3% during the first quarter. Fifth Third Bancorp now owns 3,058,941 shares of the company’s stock valued at $233,550,000 after purchasing an additional 2,536,353 shares in the last quarter. CENTRAL TRUST Co boosted its position in shares of iShares Russell 2500 ETF by 27.1% in the first quarter. CENTRAL TRUST Co now owns 949,678 shares of the company’s stock worth $72,508,000 after purchasing an additional 202,293 shares during the period. Bank of America Corp DE increased its stake in shares of iShares Russell 2500 ETF by 12.2% in the third quarter. Bank of America Corp DE now owns 916,251 shares of the company’s stock worth $67,555,000 after purchasing an additional 99,752 shares in the last quarter. Focus Partners Wealth increased its stake in shares of iShares Russell 2500 ETF by 53.0% in the fourth quarter. Focus Partners Wealth now owns 757,995 shares of the company’s stock worth $56,804,000 after purchasing an additional 262,684 shares in the last quarter. Finally, Wealthspire Advisors LLC increased its stake in shares of iShares Russell 2500 ETF by 1.5% in the fourth quarter. Wealthspire Advisors LLC now owns 507,585 shares of the company’s stock worth $38,038,000 after purchasing an additional 7,623 shares in the last quarter.

iShares Russell 2500 ETF Price Performance

Shares of SMMD stock opened at $89.66 on Friday. iShares Russell 2500 ETF has a one year low of $66.96 and a one year high of $92.07. The company’s fifty day moving average price is $88.71 and its 200-day moving average price is $82.89. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 19.95 and a beta of 1.09.

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.