Strong Tower Advisory Services Grows Position in iShares Russell 2500 ETF (BATS:SMMD)

Strong Tower Advisory Services raised its holdings in shares of iShares Russell 2500 ETF (BATS:SMMD) by 7.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 20,345 shares of the company’s stock after buying an additional 1,485 shares during the quarter. Strong Tower Advisory Services’ holdings in iShares Russell 2500 ETF were worth $1,378,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its holdings in shares of iShares Russell 2500 ETF by 4.0% during the second quarter. Fifth Third Bancorp now owns 563,524 shares of the company’s stock worth $35,277,000 after purchasing an additional 21,891 shares during the period. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of iShares Russell 2500 ETF in the second quarter valued at approximately $30,424,000. US Bancorp DE raised its holdings in iShares Russell 2500 ETF by 10.0% in the 1st quarter. US Bancorp DE now owns 323,773 shares of the company’s stock valued at $21,243,000 after acquiring an additional 29,413 shares during the last quarter. Kestra Investment Management LLC purchased a new position in iShares Russell 2500 ETF during the second quarter worth about $18,279,000. Finally, Advisory Resource Group lifted its holdings in shares of iShares Russell 2500 ETF by 6.9% during the 2nd quarter. Advisory Resource Group now owns 246,515 shares of the company’s stock worth $15,432,000 after acquiring an additional 16,006 shares during the period.

iShares Russell 2500 ETF Trading Down 0.6 %

Shares of SMMD traded down $0.40 during mid-day trading on Friday, reaching $67.06. The company had a trading volume of 48,488 shares. iShares Russell 2500 ETF has a fifty-two week low of $38.91 and a fifty-two week high of $45.72. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 15.31 and a beta of 1.15. The firm has a fifty day simple moving average of $65.73 and a 200-day simple moving average of $64.27.

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.