Glenmede Investment Management LP Grows Holdings in iShares Russell 2500 ETF $SMMD

Glenmede Investment Management LP lifted its stake in shares of iShares Russell 2500 ETF (BATS:SMMD) by 16.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,404,659 shares of the company’s stock after buying an additional 473,942 shares during the quarter. iShares Russell 2500 ETF makes up about 1.2% of Glenmede Investment Management LP’s investment portfolio, making the stock its 13th largest holding. Glenmede Investment Management LP owned approximately 15.87% of iShares Russell 2500 ETF worth $251,026,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Sierra Summit Advisors LLC boosted its stake in iShares Russell 2500 ETF by 2.2% during the 2nd quarter. Sierra Summit Advisors LLC now owns 8,520 shares of the company’s stock valued at $577,000 after acquiring an additional 182 shares during the last quarter. Cornerstone Planning Group LLC increased its position 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 purchasing an additional 187 shares during the last quarter. Perigon Wealth Management LLC increased its position in shares of iShares Russell 2500 ETF by 3.4% in the 3rd quarter. Perigon Wealth Management LLC now owns 7,265 shares of the company’s stock worth $536,000 after purchasing an additional 237 shares during the last quarter. CWM LLC raised its stake in shares of iShares Russell 2500 ETF by 2.2% in the 3rd quarter. CWM LLC now owns 13,268 shares of the company’s stock valued at $978,000 after purchasing an additional 289 shares in the last quarter. Finally, Little House Capital LLC raised its stake in shares of iShares Russell 2500 ETF by 5.0% in the 3rd quarter. Little House Capital LLC now owns 6,411 shares of the company’s stock valued at $473,000 after purchasing an additional 303 shares in the last quarter.

iShares Russell 2500 ETF Stock Performance

Shares of SMMD stock opened at $75.81 on Friday. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 19.95 and a beta of 1.09. iShares Russell 2500 ETF has a one year low of $53.81 and a one year high of $82.05. The company’s 50-day simple moving average is $79.64 and its 200-day simple moving average is $76.10.

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.