Congress Asset Management Co. Lowers Position in iShares Russell 2500 ETF $SMMD

Congress Asset Management Co. reduced its position in shares of iShares Russell 2500 ETF (BATS:SMMD) by 67.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,687 shares of the company’s stock after selling 119,384 shares during the period. Congress Asset Management Co. owned approximately 0.27% of iShares Russell 2500 ETF worth $3,910,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Spire Wealth Management increased its position in iShares Russell 2500 ETF by 213.8% during the 1st quarter. Spire Wealth Management now owns 477 shares of the company’s stock worth $30,000 after purchasing an additional 325 shares during the period. Farther Finance Advisors LLC purchased a new stake in shares of iShares Russell 2500 ETF in the first quarter valued at approximately $52,000. Allspring Global Investments Holdings LLC acquired a new position in iShares Russell 2500 ETF during the first quarter worth $62,000. AlphaCore Capital LLC purchased a new position in iShares Russell 2500 ETF in the first quarter worth $73,000. Finally, Comerica Bank lifted its holdings 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 period.

iShares Russell 2500 ETF Stock Up 7.7%

BATS:SMMD opened at $73.53 on Friday. The firm’s fifty day simple moving average is $71.67 and its 200-day simple moving average is $66.69. The stock has a market cap of $1.58 billion, a PE ratio of 19.95 and a beta of 1.09. iShares Russell 2500 ETF has a fifty-two week low of $53.81 and a fifty-two week high of $74.66.

iShares Russell 2500 ETF Company 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.