Raymond James Financial Inc. Makes New Investment in iShares Russell 2500 ETF (BATS:SMMD)

Raymond James Financial Inc. acquired a new stake in shares of iShares Russell 2500 ETF (BATS:SMMD) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 165,707 shares of the company’s stock, valued at approximately $11,268,000.

A number of other large investors also recently modified their holdings of SMMD. Fort Washington Investment Advisors Inc. OH grew its position in iShares Russell 2500 ETF by 45.7% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,363,980 shares of the company’s stock valued at $92,751,000 after acquiring an additional 427,780 shares during the last quarter. FMR LLC boosted its stake in shares of iShares Russell 2500 ETF by 41.5% in the 3rd quarter. FMR LLC now owns 717,116 shares of the company’s stock valued at $48,570,000 after purchasing an additional 210,399 shares in the last quarter. Kestra Investment Management LLC grew its holdings in shares of iShares Russell 2500 ETF by 66.5% during the 4th quarter. Kestra Investment Management LLC now owns 549,769 shares of the company’s stock valued at $37,384,000 after purchasing an additional 219,514 shares during the last quarter. Wealthspire Advisors LLC raised its position in iShares Russell 2500 ETF by 10.0% in the 4th quarter. Wealthspire Advisors LLC now owns 469,382 shares of the company’s stock worth $31,918,000 after purchasing an additional 42,569 shares during the period. Finally, CENTRAL TRUST Co lifted its stake in iShares Russell 2500 ETF by 34.6% in the fourth quarter. CENTRAL TRUST Co now owns 446,550 shares of the company’s stock worth $30,365,000 after purchasing an additional 114,904 shares during the last quarter.

iShares Russell 2500 ETF Trading Down 6.6 %

Shares of BATS:SMMD opened at $63.78 on Friday. iShares Russell 2500 ETF has a 12-month low of $60.06 and a 12-month high of $74.66. The stock’s 50-day moving average price is $67.84 and its 200-day moving average price is $68.62. The stock has a market capitalization of $1.33 billion, a P/E ratio of 17.67 and a beta of 1.18.

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.