Allspring Global Investments Holdings LLC Makes New Investment in iShares Russell 2500 ETF (BATS:SMMD)

Allspring Global Investments Holdings LLC purchased a new position in shares of iShares Russell 2500 ETF (BATS:SMMD) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 993 shares of the company’s stock, valued at approximately $62,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Spire Wealth Management lifted its position in iShares Russell 2500 ETF by 213.8% during the first quarter. Spire Wealth Management now owns 477 shares of the company’s stock worth $30,000 after buying an additional 325 shares in the last quarter. National Bank of Canada FI purchased a new position in iShares Russell 2500 ETF during the fourth quarter worth approximately $32,000. Farther Finance Advisors LLC purchased a new position in iShares Russell 2500 ETF during the first quarter worth approximately $52,000. Thrivent Financial for Lutherans purchased a new position in iShares Russell 2500 ETF during the fourth quarter worth approximately $207,000. Finally, Guardian Wealth Advisors LLC NC acquired a new stake in iShares Russell 2500 ETF during the fourth quarter worth $241,000.

iShares Russell 2500 ETF Stock Up 1.6%

SMMD stock opened at $69.43 on Friday. The business has a fifty day moving average of $66.27 and a two-hundred day moving average of $65.64. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 19.39 and a beta of 1.10. iShares Russell 2500 ETF has a 52-week low of $53.81 and a 52-week high of $74.66.

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.