Fifth Third Wealth Advisors LLC Sells 2,397 Shares of iShares Russell 2500 ETF $SMMD

Fifth Third Wealth Advisors LLC reduced its holdings in shares of iShares Russell 2500 ETF (BATS:SMMD) by 16.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,498 shares of the company’s stock after selling 2,397 shares during the period. Fifth Third Wealth Advisors LLC owned about 0.06% of iShares Russell 2500 ETF worth $847,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SMMD. Spire Wealth Management increased its stake in shares of iShares Russell 2500 ETF by 213.8% in the first quarter. Spire Wealth Management now owns 477 shares of the company’s stock worth $30,000 after buying an additional 325 shares during the period. Farther Finance Advisors LLC purchased a new position in shares of iShares Russell 2500 ETF in the first quarter worth $52,000. Allspring Global Investments Holdings LLC purchased a new position in shares of iShares Russell 2500 ETF in the first quarter worth $62,000. AlphaCore Capital LLC purchased a new position in shares of iShares Russell 2500 ETF in the first quarter worth $73,000. Finally, Comerica Bank increased its stake in shares of iShares Russell 2500 ETF by 12.1% in the first quarter. Comerica Bank now owns 1,703 shares of the company’s stock worth $107,000 after buying an additional 184 shares during the period.

iShares Russell 2500 ETF Stock Up 5.4%

Shares of BATS SMMD opened at $72.02 on Monday. iShares Russell 2500 ETF has a 52 week low of $53.81 and a 52 week high of $74.66. The firm’s fifty day moving average is $72.51 and its 200 day moving average is $67.44. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 19.95 and a beta of 1.09.

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.