Envestnet Asset Management Inc. Has $32.58 Million Position in iShares Russell 2500 ETF (BATS:SMMD)

Envestnet Asset Management Inc. lessened its holdings in shares of iShares Russell 2500 ETF (BATS:SMMD) by 7.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 520,485 shares of the company’s stock after selling 39,132 shares during the period. Envestnet Asset Management Inc. owned 3.06% of iShares Russell 2500 ETF worth $32,582,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Eagle Bay Advisors LLC grew its holdings in iShares Russell 2500 ETF by 45.8% during the 1st quarter. Eagle Bay Advisors LLC now owns 573 shares of the company’s stock worth $38,000 after acquiring an additional 180 shares during the last quarter. ORG Partners LLC acquired a new stake in iShares Russell 2500 ETF in the 2nd quarter valued at about $47,000. EverSource Wealth Advisors LLC acquired a new stake in iShares Russell 2500 ETF in the 1st quarter valued at about $105,000. Parallel Advisors LLC increased its position in iShares Russell 2500 ETF by 810.7% in the 4th quarter. Parallel Advisors LLC now owns 2,213 shares of the company’s stock valued at $136,000 after acquiring an additional 1,970 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in iShares Russell 2500 ETF in the 2nd quarter valued at about $146,000.

iShares Russell 2500 ETF Trading Down 0.7 %

SMMD opened at $67.69 on Friday. The stock has a market capitalization of $1.15 billion, a PE ratio of 15.31 and a beta of 1.15. iShares Russell 2500 ETF has a 1-year low of $38.91 and a 1-year high of $45.72. The firm has a 50-day moving average price of $65.45 and a two-hundred day moving average price of $63.92.

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.