Royal Bank of Canada Cuts Stock Holdings in iShares Russell 2500 ETF $SMMD

Royal Bank of Canada reduced its stake in iShares Russell 2500 ETF (BATS:SMMD) by 40.1% during the first quarter, HoldingsChannel.com reports. The fund owned 35,469 shares of the company’s stock after selling 23,697 shares during the quarter. Royal Bank of Canada’s holdings in iShares Russell 2500 ETF were worth $2,707,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quantinno Capital Management LP boosted its holdings in shares of iShares Russell 2500 ETF by 13.0% during the 1st quarter. Quantinno Capital Management LP now owns 24,155 shares of the company’s stock valued at $1,844,000 after purchasing an additional 2,774 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of iShares Russell 2500 ETF in the first quarter worth about $382,000. GC Wealth Management RIA LLC lifted its position in shares of iShares Russell 2500 ETF by 9.1% in the first quarter. GC Wealth Management RIA LLC now owns 10,832 shares of the company’s stock worth $827,000 after buying an additional 904 shares in the last quarter. MWA Asset Management purchased a new stake in shares of iShares Russell 2500 ETF in the first quarter worth about $67,000. Finally, Cetera Investment Advisers boosted its stake in iShares Russell 2500 ETF by 4.1% during the first quarter. Cetera Investment Advisers now owns 17,218 shares of the company’s stock valued at $1,315,000 after buying an additional 685 shares during the last quarter.

iShares Russell 2500 ETF Price Performance

BATS SMMD opened at $93.31 on Monday. The stock has a market capitalization of $2.00 billion, a PE ratio of 19.95 and a beta of 1.09. The business has a 50 day simple moving average of $90.22 and a two-hundred day simple moving average of $84.65. iShares Russell 2500 ETF has a 1-year low of $69.81 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.