Commonwealth Equity Services LLC Sells 18,388 Shares of iShares Russell 2500 ETF $SMMD

Commonwealth Equity Services LLC lessened its stake in iShares Russell 2500 ETF (BATS:SMMD) by 14.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 108,489 shares of the company’s stock after selling 18,388 shares during the period. Commonwealth Equity Services LLC owned about 0.51% of iShares Russell 2500 ETF worth $7,999,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in shares of iShares Russell 2500 ETF by 12.0% in the 1st quarter. Royal Bank of Canada now owns 58,273 shares of the company’s stock worth $3,644,000 after acquiring an additional 6,223 shares during the period. Jane Street Group LLC raised its stake in shares of iShares Russell 2500 ETF by 1,288.2% in the first quarter. Jane Street Group LLC now owns 77,005 shares of the company’s stock valued at $4,816,000 after purchasing an additional 71,458 shares in the last quarter. Boyum Wealth Architects LLC lifted its position in iShares Russell 2500 ETF by 298.2% in the second quarter. Boyum Wealth Architects LLC now owns 13,192 shares of the company’s stock worth $894,000 after purchasing an additional 9,879 shares during the period. CX Institutional lifted its position in iShares Russell 2500 ETF by 26.3% in the second quarter. CX Institutional now owns 62,130 shares of the company’s stock worth $4,211,000 after purchasing an additional 12,922 shares during the period. Finally, Park Avenue Securities LLC acquired a new stake in iShares Russell 2500 ETF during the second quarter worth $230,000.

iShares Russell 2500 ETF Stock Performance

Shares of SMMD stock opened at $79.26 on Wednesday. The firm has a fifty day moving average of $75.21 and a 200-day moving average of $73.14. iShares Russell 2500 ETF has a 52-week low of $53.81 and a 52-week high of $74.66. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 19.95 and a beta of 1.09.

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.