iShares Russell 2500 ETF $SMMD Stock Holdings Lowered by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. cut its holdings in shares of iShares Russell 2500 ETF (BATS:SMMD) by 99.2% during the third quarter, Holdings Channel.com reports. The fund owned 3,200 shares of the company’s stock after selling 412,591 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in iShares Russell 2500 ETF were worth $274,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. M Holdings Securities Inc. purchased a new position in iShares Russell 2500 ETF during the second quarter worth approximately $2,200,000. Align Financial LLC acquired a new stake in iShares Russell 2500 ETF in the third quarter valued at approximately $590,000. SigFig Wealth Management LLC purchased a new stake in shares of iShares Russell 2500 ETF in the third quarter valued at approximately $17,032,000. Keeler Thomas Management LLC purchased a new stake in shares of iShares Russell 2500 ETF in the third quarter valued at approximately $594,000. Finally, Vann Equity Management LLC purchased a new stake in shares of iShares Russell 2500 ETF in the third quarter valued at approximately $608,000.

iShares Russell 2500 ETF Price Performance

Shares of SMMD stock opened at $85.11 on Monday. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 17.09 and a beta of 1.10. The stock has a 50 day simple moving average of $87.04 and a 200-day simple moving average of $85.47. iShares Russell 2500 ETF has a 1-year low of $69.94 and a 1-year high of $93.42.

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.