Kendall Capital Management Raises Stock Position in iShares Russell 2500 ETF (BATS:SMMD)

Kendall Capital Management increased its stake in shares of iShares Russell 2500 ETF (BATS:SMMD) by 64.9% during the 4th quarter, Holdings Channel reports. The fund owned 292,799 shares of the company’s stock after acquiring an additional 115,244 shares during the period. iShares Russell 2500 ETF comprises approximately 5.8% of Kendall Capital Management’s investment portfolio, making the stock its largest position. Kendall Capital Management’s holdings in iShares Russell 2500 ETF were worth $19,910,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. D.A. Davidson & CO. boosted its stake in iShares Russell 2500 ETF by 5.2% during the third quarter. D.A. Davidson & CO. now owns 4,553 shares of the company’s stock worth $308,000 after acquiring an additional 225 shares in the last quarter. O Connor Financial Group LLC raised its holdings in iShares Russell 2500 ETF by 6.7% during the fourth quarter. O Connor Financial Group LLC now owns 3,705 shares of the company’s stock worth $252,000 after buying an additional 233 shares during the last quarter. Ulland Investment Advisors LLC raised its holdings in iShares Russell 2500 ETF by 0.9% during the fourth quarter. Ulland Investment Advisors LLC now owns 26,795 shares of the company’s stock worth $1,822,000 after buying an additional 245 shares during the last quarter. ORG Partners LLC raised its holdings 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 buying an additional 296 shares during the last quarter. Finally, Pure Financial Advisors LLC raised its holdings in iShares Russell 2500 ETF by 4.2% during the fourth quarter. Pure Financial Advisors LLC now owns 8,449 shares of the company’s stock worth $575,000 after buying an additional 337 shares during the last quarter.

iShares Russell 2500 ETF Trading Down 5.7 %

SMMD opened at $64.41 on Friday. The company’s fifty day moving average price is $68.78 and its two-hundred day moving average price is $68.85. iShares Russell 2500 ETF has a 1-year low of $38.91 and a 1-year high of $45.72. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 18.41 and a beta of 1.17.

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.