Bridges Investment Management Inc. Acquires New Holdings in iShares Russell 2500 ETF $SMMD

Bridges Investment Management Inc. bought a new position in shares of iShares Russell 2500 ETF (BATS:SMMD) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 184,192 shares of the company’s stock, valued at approximately $13,803,000. Bridges Investment Management Inc. owned 0.86% of iShares Russell 2500 ETF as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SMMD. Royal Bank of Canada boosted its position in iShares Russell 2500 ETF by 12.0% during the first 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 position in 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 purchasing an additional 71,458 shares during the period. Russell Investments Group Ltd. bought a new stake in iShares Russell 2500 ETF during the second quarter worth approximately $82,000. Baird Financial Group Inc. boosted its position in iShares Russell 2500 ETF by 2.5% during the second quarter. Baird Financial Group Inc. now owns 46,169 shares of the company’s stock worth $3,129,000 after purchasing an additional 1,115 shares during the period. Finally, NewEdge Advisors LLC boosted its position in iShares Russell 2500 ETF by 299.7% during the second quarter. NewEdge Advisors LLC now owns 6,304 shares of the company’s stock worth $427,000 after purchasing an additional 4,727 shares during the period.

iShares Russell 2500 ETF Stock Up 0.9%

Shares of BATS SMMD opened at $89.08 on Wednesday. The business’s 50 day moving average is $82.77 and its two-hundred day moving average is $79.37. The company has a market cap of $1.91 billion, a P/E ratio of 19.95 and a beta of 1.09. iShares Russell 2500 ETF has a 12 month low of $64.92 and a 12 month high of $89.15.

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.