Andina Capital Management LLC Cuts Position in iShares Russell 2500 ETF $SMMD

Andina Capital Management LLC lessened its stake in iShares Russell 2500 ETF (BATS:SMMD) by 31.2% in the first quarter, HoldingsChannel.com reports. The firm owned 25,020 shares of the company’s stock after selling 11,346 shares during the quarter. iShares Russell 2500 ETF accounts for 1.7% of Andina Capital Management LLC’s portfolio, making the stock its 15th largest position. Andina Capital Management LLC’s holdings in iShares Russell 2500 ETF were worth $1,910,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SMMD. Diversified Trust Co raised its stake in shares of iShares Russell 2500 ETF by 41.8% during the 1st quarter. Diversified Trust Co now owns 5,768 shares of the company’s stock worth $440,000 after buying an additional 1,699 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of iShares Russell 2500 ETF by 20.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 78,388 shares of the company’s stock valued at $5,874,000 after buying an additional 13,434 shares during the period. Corient Private Wealth LLC purchased a new position in shares of iShares Russell 2500 ETF during the 4th quarter worth $1,163,000. Pure Financial Advisors LLC boosted its stake in iShares Russell 2500 ETF by 145.8% in the 4th quarter. Pure Financial Advisors LLC now owns 37,344 shares of the company’s stock worth $2,799,000 after buying an additional 22,153 shares during the last quarter. Finally, SHP Wealth Management purchased a new stake in iShares Russell 2500 ETF in the 4th quarter valued at about $50,000.

iShares Russell 2500 ETF Price Performance

BATS SMMD opened at $89.54 on Wednesday. The company has a market cap of $1.92 billion, a P/E ratio of 19.95 and a beta of 1.09. iShares Russell 2500 ETF has a 12 month low of $66.57 and a 12 month high of $91.27. The company has a 50-day moving average of $86.51 and a 200-day moving average of $81.14.

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.