Financial Management Network Inc. Buys Shares of 4,303 iShares Russell 2500 ETF (BATS:SMMD)

Financial Management Network Inc. bought a new stake in iShares Russell 2500 ETF (BATS:SMMD) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,303 shares of the company’s stock, valued at approximately $291,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Carmichael Hill & Associates Inc. grew its holdings in shares of iShares Russell 2500 ETF by 8.1% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 2,369 shares of the company’s stock valued at $148,000 after acquiring an additional 178 shares in the last quarter. Eagle Bay Advisors LLC increased its position in iShares Russell 2500 ETF by 45.8% in the 1st quarter. Eagle Bay Advisors LLC now owns 573 shares of the company’s stock worth $38,000 after purchasing an additional 180 shares during the last quarter. Mayfair Advisory Group LLC raised its stake in shares of iShares Russell 2500 ETF by 5.9% during the 1st quarter. Mayfair Advisory Group LLC now owns 4,729 shares of the company’s stock worth $310,000 after purchasing an additional 263 shares in the last quarter. Catalytic Wealth RIA LLC lifted its holdings in shares of iShares Russell 2500 ETF by 1.6% during the 1st quarter. Catalytic Wealth RIA LLC now owns 20,282 shares of the company’s stock valued at $1,331,000 after buying an additional 325 shares during the last quarter. Finally, Whittier Trust Co. grew its stake in shares of iShares Russell 2500 ETF by 4.6% in the 2nd quarter. Whittier Trust Co. now owns 7,984 shares of the company’s stock valued at $500,000 after buying an additional 351 shares in the last quarter.

iShares Russell 2500 ETF Price Performance

BATS:SMMD traded up $0.12 during mid-day trading on Friday, reaching $67.73. The stock had a trading volume of 54,202 shares. iShares Russell 2500 ETF has a fifty-two week low of $38.91 and a fifty-two week high of $45.72. The business’s 50 day moving average is $66.82 and its 200 day moving average is $64.54. The stock has a market cap of $1.15 billion, a P/E ratio of 15.31 and a beta of 1.15.

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.