Kendall Capital Management Buys 73,459 Shares of iShares Russell 2500 ETF $SMMD

Kendall Capital Management bought a new position in shares of iShares Russell 2500 ETF (BATS:SMMD) in the third quarter, HoldingsChannel reports. The firm bought 73,459 shares of the company’s stock, valued at approximately $6,282,000. iShares Russell 2500 ETF comprises about 1.0% of Kendall Capital Management’s investment portfolio, making the stock its 21st largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Glenmede Trust Co. NA grew its stake in iShares Russell 2500 ETF by 12.1% during the first quarter. Glenmede Trust Co. NA now owns 4,413,593 shares of the company’s stock valued at $336,978,000 after acquiring an additional 475,969 shares in the last quarter. Fifth Third Bancorp increased its holdings in iShares Russell 2500 ETF by 485.3% in the 1st quarter. Fifth Third Bancorp now owns 3,058,941 shares of the company’s stock valued at $233,550,000 after acquiring an additional 2,536,353 shares during the last quarter. Diesslin Group Inc. increased its holdings in iShares Russell 2500 ETF by 20.5% in the 2nd quarter. Diesslin Group Inc. now owns 351,000 shares of the company’s stock valued at $32,162,000 after acquiring an additional 59,807 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in iShares Russell 2500 ETF in the 3rd quarter worth $19,964,000. Finally, Ulrich Consultants & Investment Group LLC purchased a new stake in iShares Russell 2500 ETF in the 3rd quarter worth $17,207,000.

iShares Russell 2500 ETF Stock Down 0.5%

Shares of SMMD stock opened at $85.62 on Friday. The company’s fifty day simple moving average is $88.08 and its two-hundred day simple moving average is $87.89. iShares Russell 2500 ETF has a 52 week low of $69.94 and a 52 week high of $93.42. The stock has a market cap of $1.84 billion, a P/E ratio of 19.95 and a beta of 1.09.

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.