Parallel Advisors LLC Trims Stock Position in iShares Russell 2500 ETF $SMMD

Parallel Advisors LLC cut its stake in iShares Russell 2500 ETF (BATS:SMMD) by 15.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,701 shares of the company’s stock after selling 300 shares during the period. Parallel Advisors LLC’s holdings in iShares Russell 2500 ETF were worth $115,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. TD Private Client Wealth LLC lifted its position in iShares Russell 2500 ETF by 6.2% in the first quarter. TD Private Client Wealth LLC now owns 2,852 shares of the company’s stock valued at $178,000 after acquiring an additional 167 shares during the last quarter. Comerica Bank lifted its position 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. O Connor Financial Group LLC lifted its position in iShares Russell 2500 ETF by 6.0% in the first quarter. O Connor Financial Group LLC now owns 3,929 shares of the company’s stock valued at $246,000 after acquiring an additional 224 shares during the last quarter. Sfmg LLC lifted its position in iShares Russell 2500 ETF by 7.5% in the first quarter. Sfmg LLC now owns 3,553 shares of the company’s stock valued at $222,000 after acquiring an additional 248 shares during the last quarter. Finally, Spire Wealth Management lifted its position in 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 acquiring an additional 325 shares during the last quarter.

iShares Russell 2500 ETF Price Performance

Shares of SMMD opened at $74.21 on Wednesday. The stock has a market cap of $1.59 billion, a PE ratio of 19.95 and a beta of 1.09. iShares Russell 2500 ETF has a 1-year low of $53.81 and a 1-year high of $74.66. The firm has a fifty day moving average price of $71.45 and a 200 day moving average price of $66.51.

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.