City National Bank of Florida MSD purchased a new position in shares of iShares Russell 2500 ETF (BATS:SMMD – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 122,036 shares of the company’s stock, valued at approximately $8,298,000. iShares Russell 2500 ETF comprises approximately 7.6% of City National Bank of Florida MSD’s portfolio, making the stock its 2nd largest position.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. National Bank of Canada FI acquired a new position in iShares Russell 2500 ETF in the fourth quarter worth $32,000. Transcendent Capital Group LLC raised its holdings in shares of iShares Russell 2500 ETF by 396.0% in the fourth quarter. Transcendent Capital Group LLC now owns 496 shares of the company’s stock valued at $34,000 after buying an additional 396 shares during the last quarter. Private Trust Co. NA bought a new position in shares of iShares Russell 2500 ETF in the fourth quarter valued at about $34,000. Cornerstone Planning Group LLC acquired a new position in iShares Russell 2500 ETF during the 4th quarter worth about $85,000. Finally, NTV Asset Management LLC bought a new stake in iShares Russell 2500 ETF during the 4th quarter worth about $202,000.
iShares Russell 2500 ETF Trading Down 5.6%
SMMD opened at $64.44 on Thursday. iShares Russell 2500 ETF has a 1-year low of $53.81 and a 1-year high of $74.66. The stock has a market capitalization of $1.43 billion, a PE ratio of 16.96 and a beta of 1.10. The firm has a 50-day moving average price of $61.69 and a two-hundred day moving average price of $66.83.
About iShares Russell 2500 ETF
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.
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