Royal Bank of Canada Sells 23,697 Shares of iShares Russell 2500 ETF $SMMD

Royal Bank of Canada decreased its position in shares of iShares Russell 2500 ETF (BATS:SMMD) by 40.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,469 shares of the company’s stock after selling 23,697 shares during the quarter. Royal Bank of Canada owned approximately 0.17% of iShares Russell 2500 ETF worth $2,707,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Angeles Wealth Management LLC increased its stake in iShares Russell 2500 ETF by 150.3% in the 1st quarter. Angeles Wealth Management LLC now owns 358 shares of the company’s stock worth $27,000 after buying an additional 215 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of iShares Russell 2500 ETF by 423.3% in the fourth quarter. Global Retirement Partners LLC now owns 382 shares of the company’s stock valued at $29,000 after acquiring an additional 309 shares in the last quarter. Larson Financial Group LLC bought a new position in shares of iShares Russell 2500 ETF in the fourth quarter worth about $30,000. PNC Financial Services Group Inc. boosted its stake in shares of iShares Russell 2500 ETF by 5,020.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 512 shares of the company’s stock worth $38,000 after acquiring an additional 502 shares during the period. Finally, SHP Wealth Management purchased a new stake in shares of iShares Russell 2500 ETF during the fourth quarter worth about $50,000.

iShares Russell 2500 ETF Stock Performance

Shares of SMMD opened at $93.31 on Monday. The business’s 50 day moving average is $90.22 and its 200 day moving average is $84.65. The company has a market capitalization of $2.00 billion, a PE ratio of 19.95 and a beta of 1.09. iShares Russell 2500 ETF has a 12-month low of $69.81 and a 12-month high of $93.42.

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.