Congress Asset Management Co. Raises Stake in iShares Russell 2500 ETF $SMMD

Congress Asset Management Co. increased its holdings in shares of iShares Russell 2500 ETF (BATS:SMMD) by 112.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,169 shares of the company’s stock after acquiring an additional 126,878 shares during the period. Congress Asset Management Co. owned approximately 1.12% of iShares Russell 2500 ETF worth $17,998,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. New Republic Capital LLC bought a new position in shares of iShares Russell 2500 ETF during the third quarter valued at approximately $71,000. CIBC Private Wealth Group LLC boosted its position in shares of iShares Russell 2500 ETF by 14.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,090 shares of the company’s stock worth $80,000 after purchasing an additional 140 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of iShares Russell 2500 ETF in the 2nd quarter worth approximately $82,000. Cornerstone Planning Group LLC grew its stake in shares of iShares Russell 2500 ETF by 15.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 1,397 shares of the company’s stock worth $103,000 after buying an additional 187 shares during the last quarter. Finally, Fairman Group LLC grew its stake in shares of iShares Russell 2500 ETF by 38.3% in the 3rd quarter. Fairman Group LLC now owns 2,264 shares of the company’s stock worth $167,000 after buying an additional 627 shares during the last quarter.

iShares Russell 2500 ETF Stock Up 0.6%

SMMD stock opened at $76.62 on Wednesday. The business has a 50 day moving average of $79.35 and a 200 day moving average of $76.32. The firm has a market cap of $1.64 billion, a PE ratio of 19.95 and a beta of 1.09. iShares Russell 2500 ETF has a twelve month low of $53.81 and a twelve month high of $82.05.

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.