Financial Management Network Inc. Boosts Stake in iShares Russell 2500 ETF (BATS:SMMD)

Financial Management Network Inc. raised its holdings in shares of iShares Russell 2500 ETF (BATS:SMMD) by 14.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,920 shares of the company’s stock after acquiring an additional 617 shares during the period. Financial Management Network Inc.’s holdings in iShares Russell 2500 ETF were worth $339,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Eagle Bay Advisors LLC purchased a new position in iShares Russell 2500 ETF during the fourth quarter worth about $30,000. ORG Partners LLC lifted its stake in iShares Russell 2500 ETF by 39.3% during the fourth quarter. ORG Partners LLC now owns 1,050 shares of the company’s stock worth $71,000 after purchasing an additional 296 shares during the last quarter. Cornerstone Planning Group LLC bought a new stake in iShares Russell 2500 ETF during the fourth quarter worth about $85,000. IHT Wealth Management LLC bought a new stake in iShares Russell 2500 ETF during the third quarter worth about $200,000. Finally, First Heartland Consultants Inc. bought a new stake in iShares Russell 2500 ETF during the third quarter worth about $201,000.

iShares Russell 2500 ETF Stock Up 3.2 %

Shares of SMMD stock opened at $70.51 on Wednesday. The business has a 50-day moving average price of $69.67 and a two-hundred day moving average price of $68.56. iShares Russell 2500 ETF has a 12-month low of $38.91 and a 12-month high of $45.72. The firm has a market cap of $1.20 billion, a P/E ratio of 15.31 and a beta of 1.15.

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.