Raymond James & Associates Purchases 57,534 Shares of iShares Russell 2500 ETF (BATS:SMMD)

Raymond James & Associates increased its holdings in shares of iShares Russell 2500 ETF (BATS:SMMD) by 119.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 105,781 shares of the company’s stock after acquiring an additional 57,534 shares during the period. Raymond James & Associates’ holdings in iShares Russell 2500 ETF were worth $7,165,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC increased its position in shares of iShares Russell 2500 ETF by 45.8% in the first quarter. Eagle Bay Advisors LLC now owns 573 shares of the company’s stock valued at $38,000 after acquiring an additional 180 shares during the last quarter. ORG Partners LLC bought a new position in iShares Russell 2500 ETF in the second quarter valued at approximately $47,000. EverSource Wealth Advisors LLC acquired a new position in shares of iShares Russell 2500 ETF during the 1st quarter worth approximately $105,000. 1620 Investment Advisors Inc. bought a new stake in shares of iShares Russell 2500 ETF during the 2nd quarter worth approximately $146,000. Finally, Carmichael Hill & Associates Inc. boosted its holdings in shares of iShares Russell 2500 ETF by 8.1% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 2,369 shares of the company’s stock valued at $148,000 after buying an additional 178 shares during the last quarter.

iShares Russell 2500 ETF Trading Up 0.0 %

Shares of SMMD opened at $68.19 on Thursday. The company’s fifty day simple moving average is $67.03 and its 200 day simple moving average is $64.68. iShares Russell 2500 ETF has a 1-year low of $38.91 and a 1-year high of $45.72. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 15.31 and a beta of 1.15.

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.