Truist Financial Corp Raises Position in iShares Russell 2500 ETF $SMMD

Truist Financial Corp grew its position in iShares Russell 2500 ETF (BATS:SMMD) by 13.0% during the 4th quarter, Holdings Channel reports. The fund owned 224,487 shares of the company’s stock after buying an additional 25,873 shares during the quarter. Truist Financial Corp’s holdings in iShares Russell 2500 ETF were worth $16,823,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SMMD. Royal Bank of Canada boosted its holdings in shares of iShares Russell 2500 ETF by 12.0% in the first quarter. Royal Bank of Canada now owns 58,273 shares of the company’s stock valued at $3,644,000 after acquiring an additional 6,223 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of iShares Russell 2500 ETF by 1,288.2% in the first quarter. Jane Street Group LLC now owns 77,005 shares of the company’s stock valued at $4,816,000 after acquiring an additional 71,458 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of iShares Russell 2500 ETF in the second quarter valued at about $82,000. Baird Financial Group Inc. boosted its holdings in shares of iShares Russell 2500 ETF by 2.5% in the second quarter. Baird Financial Group Inc. now owns 46,169 shares of the company’s stock valued at $3,129,000 after acquiring an additional 1,115 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of iShares Russell 2500 ETF by 299.7% in the second quarter. NewEdge Advisors LLC now owns 6,304 shares of the company’s stock valued at $427,000 after acquiring an additional 4,727 shares in the last quarter.

iShares Russell 2500 ETF Stock Up 1.6%

Shares of BATS:SMMD opened at $87.38 on Thursday. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 19.95 and a beta of 1.09. The firm’s 50-day simple moving average is $79.84 and its 200-day simple moving average is $77.79. iShares Russell 2500 ETF has a fifty-two week low of $61.96 and a fifty-two week high of $87.39.

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.