Envestnet Asset Management Inc. Raises Position in iShares Russell 2500 ETF (BATS:SMMD)

Envestnet Asset Management Inc. raised its holdings in shares of iShares Russell 2500 ETF (BATS:SMMD) by 41.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 765,409 shares of the company’s stock after acquiring an additional 223,880 shares during the period. Envestnet Asset Management Inc.’s holdings in iShares Russell 2500 ETF were worth $52,048,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. O Connor Financial Group LLC boosted its holdings in iShares Russell 2500 ETF by 6.7% during the 4th quarter. O Connor Financial Group LLC now owns 3,705 shares of the company’s stock valued at $252,000 after acquiring an additional 233 shares during the period. Ulland Investment Advisors LLC lifted its position in iShares Russell 2500 ETF by 0.9% in the fourth quarter. Ulland Investment Advisors LLC now owns 26,795 shares of the company’s stock valued at $1,822,000 after purchasing an additional 245 shares during the last quarter. Corient Private Wealth LLC boosted its stake in shares of iShares Russell 2500 ETF by 1.2% during the fourth quarter. Corient Private Wealth LLC now owns 23,711 shares of the company’s stock valued at $1,612,000 after purchasing an additional 275 shares during the period. ORG Partners LLC grew its holdings in shares of iShares Russell 2500 ETF by 39.3% in the fourth quarter. ORG Partners LLC now owns 1,050 shares of the company’s stock worth $71,000 after purchasing an additional 296 shares during the last quarter. Finally, Pure Financial Advisors LLC increased its stake in shares of iShares Russell 2500 ETF by 4.2% in the fourth quarter. Pure Financial Advisors LLC now owns 8,449 shares of the company’s stock worth $575,000 after buying an additional 337 shares during the period.

iShares Russell 2500 ETF Stock Down 16.1 %

BATS:SMMD opened at $57.31 on Friday. The firm has a market capitalization of $1.18 billion, a P/E ratio of 17.70 and a beta of 1.18. iShares Russell 2500 ETF has a 52 week low of $53.81 and a 52 week high of $74.66. The company has a fifty day moving average of $64.73 and a 200 day moving average of $67.99.

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.