Berger Financial Group Inc Has $9.41 Million Stock Position in iShares Russell 2500 ETF $SMMD

Berger Financial Group Inc raised its stake in iShares Russell 2500 ETF (BATS:SMMD) by 4.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,848 shares of the company’s stock after acquiring an additional 6,407 shares during the quarter. Berger Financial Group Inc’s holdings in iShares Russell 2500 ETF were worth $9,411,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Spire Wealth Management increased its holdings in shares of iShares Russell 2500 ETF by 213.8% in the first quarter. Spire Wealth Management now owns 477 shares of the company’s stock valued at $30,000 after purchasing an additional 325 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of iShares Russell 2500 ETF in the 1st quarter valued at $52,000. Allspring Global Investments Holdings LLC bought a new stake in shares of iShares Russell 2500 ETF during the first quarter worth $62,000. AlphaCore Capital LLC acquired a new position in shares of iShares Russell 2500 ETF during the first quarter valued at $73,000. Finally, Comerica Bank boosted its holdings in iShares Russell 2500 ETF by 12.1% in the first quarter. Comerica Bank now owns 1,703 shares of the company’s stock valued at $107,000 after acquiring an additional 184 shares during the last quarter.

iShares Russell 2500 ETF Trading Up 9.3%

Shares of BATS:SMMD opened at $74.63 on Friday. iShares Russell 2500 ETF has a 1-year low of $53.81 and a 1-year high of $74.66. The stock has a market capitalization of $1.60 billion, a P/E ratio of 19.95 and a beta of 1.09. The business has a 50-day moving average price of $72.05 and a two-hundred day moving average price of $67.08.

iShares Russell 2500 ETF 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.