SigFig Wealth Management LLC Raises Stock Holdings in iShares Russell 2500 ETF $SMMD

SigFig Wealth Management LLC lifted its holdings in shares of iShares Russell 2500 ETF (BATS:SMMD) by 20.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 132,871 shares of the company’s stock after purchasing an additional 22,375 shares during the quarter. SigFig Wealth Management LLC’s holdings in iShares Russell 2500 ETF were worth $9,957,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Royal Bank of Canada boosted its stake in iShares Russell 2500 ETF by 12.0% during the 1st quarter. Royal Bank of Canada now owns 58,273 shares of the company’s stock worth $3,644,000 after purchasing an additional 6,223 shares during the period. Jane Street Group LLC boosted its stake in shares of iShares Russell 2500 ETF by 1,288.2% during the first quarter. Jane Street Group LLC now owns 77,005 shares of the company’s stock worth $4,816,000 after buying an additional 71,458 shares during the period. Franklin Resources Inc. acquired a new stake in shares of iShares Russell 2500 ETF during the second quarter worth about $329,000. Russell Investments Group Ltd. acquired a new stake in shares of iShares Russell 2500 ETF during the second quarter worth about $82,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of iShares Russell 2500 ETF by 60.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 21,576 shares of the company’s stock worth $1,462,000 after buying an additional 8,129 shares during the last quarter.

iShares Russell 2500 ETF Stock Up 0.6%

Shares of SMMD stock opened at $77.49 on Friday. The stock’s 50-day moving average price is $78.76 and its 200 day moving average price is $76.40. The stock has a market capitalization of $1.66 billion, a PE ratio of 19.95 and a beta of 1.09. iShares Russell 2500 ETF has a 52-week low of $53.81 and a 52-week high of $82.05.

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.