Pinnacle Wealth Management Advisory Group LLC Takes $1.60 Million Position in iShares Russell 2500 ETF $SMMD

Pinnacle Wealth Management Advisory Group LLC bought a new position in iShares Russell 2500 ETF (BATS:SMMD) in the first quarter, HoldingsChannel.com reports. The fund bought 20,988 shares of the company’s stock, valued at approximately $1,602,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Glenmede Investment Management LP boosted its stake in iShares Russell 2500 ETF by 16.2% in the 3rd quarter. Glenmede Investment Management LP now owns 3,404,659 shares of the company’s stock valued at $251,026,000 after buying an additional 473,942 shares in the last quarter. WorthPointe LLC bought a new stake in iShares Russell 2500 ETF in the fourth quarter valued at $1,226,000. Guidance Capital Inc. acquired a new position in iShares Russell 2500 ETF during the fourth quarter worth $978,000. Thayer Financial L.L.C. acquired a new position in iShares Russell 2500 ETF during the fourth quarter worth $679,000. Finally, HF Advisory Group LLC raised its stake in iShares Russell 2500 ETF by 66.1% during the fourth quarter. HF Advisory Group LLC now owns 32,054 shares of the company’s stock worth $2,402,000 after acquiring an additional 12,761 shares in the last quarter.

iShares Russell 2500 ETF Stock Performance

SMMD opened at $90.92 on Friday. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 19.95 and a beta of 1.09. The firm’s 50-day simple moving average is $87.02 and its 200-day simple moving average is $81.41. iShares Russell 2500 ETF has a twelve month low of $66.96 and a twelve month high of $91.81.

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.