JPMorgan Chase & Co. Boosts Stock Position in iShares Russell 2500 ETF (BATS:SMMD)

JPMorgan Chase & Co. increased its stake in iShares Russell 2500 ETF (BATS:SMMD) by 209.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,637 shares of the company’s stock after purchasing an additional 23,431 shares during the quarter. JPMorgan Chase & Co. owned about 0.20% of iShares Russell 2500 ETF worth $2,355,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SMMD. Simplicity Wealth LLC boosted its holdings in shares of iShares Russell 2500 ETF by 3.4% in the 4th quarter. Simplicity Wealth LLC now owns 118,675 shares of the company’s stock worth $8,070,000 after purchasing an additional 3,884 shares in the last quarter. HighTower Advisors LLC lifted its position in iShares Russell 2500 ETF by 24.5% in the 4th quarter. HighTower Advisors LLC now owns 170,824 shares of the company’s stock worth $11,616,000 after buying an additional 33,656 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in iShares Russell 2500 ETF in the fourth quarter worth approximately $11,268,000. Congress Wealth Management LLC DE bought a new position in iShares Russell 2500 ETF during the fourth quarter valued at approximately $1,659,000. Finally, CX Institutional raised its stake in shares of iShares Russell 2500 ETF by 15.4% during the fourth quarter. CX Institutional now owns 33,454 shares of the company’s stock worth $2,275,000 after acquiring an additional 4,474 shares in the last quarter.

iShares Russell 2500 ETF Stock Performance

Shares of SMMD opened at $59.79 on Thursday. The firm has a 50 day moving average price of $62.66 and a 200-day moving average price of $67.45. iShares Russell 2500 ETF has a fifty-two week low of $53.81 and a fifty-two week high of $74.66. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 16.96 and a beta of 1.11.

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.