Kestra Investment Management LLC Grows Position in iShares Russell 2500 ETF (BATS:SMMD)

Kestra Investment Management LLC boosted its holdings in iShares Russell 2500 ETF (BATS:SMMD) by 66.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 549,769 shares of the company’s stock after buying an additional 219,514 shares during the quarter. iShares Russell 2500 ETF accounts for approximately 1.5% of Kestra Investment Management LLC’s holdings, making the stock its 20th biggest position. Kestra Investment Management LLC owned approximately 3.23% of iShares Russell 2500 ETF worth $37,384,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Eagle Bay Advisors LLC purchased a new stake in shares of iShares Russell 2500 ETF during the 4th quarter valued at about $30,000. ORG Partners LLC raised its position in iShares Russell 2500 ETF by 39.3% in the fourth quarter. ORG Partners LLC now owns 1,050 shares of the company’s stock worth $71,000 after acquiring an additional 296 shares during the period. Cornerstone Planning Group LLC purchased a new position in shares of iShares Russell 2500 ETF during the 4th quarter worth $85,000. IHT Wealth Management LLC bought a new stake in iShares Russell 2500 ETF during the third quarter valued at about $200,000. Finally, First Heartland Consultants Inc. bought a new position in shares of iShares Russell 2500 ETF during the 3rd quarter valued at approximately $201,000.

iShares Russell 2500 ETF Trading Up 2.6 %

Shares of SMMD opened at $70.10 on Tuesday. The business’s 50 day moving average is $69.72 and its 200 day moving average is $68.53. iShares Russell 2500 ETF has a 12-month low of $38.91 and a 12-month high of $45.72. The company has a market capitalization of $1.19 billion, a PE ratio of 15.31 and a beta of 1.15.

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.