Truist Financial Corp Buys 13,120 Shares of iShares Russell 2500 ETF $SMMD

Truist Financial Corp lifted its stake in shares of iShares Russell 2500 ETF (BATS:SMMD) by 7.1% during the third quarter, HoldingsChannel reports. The firm owned 198,614 shares of the company’s stock after acquiring an additional 13,120 shares during the quarter. Truist Financial Corp’s holdings in iShares Russell 2500 ETF were worth $14,644,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. First Command Advisory Services Inc. acquired a new position in iShares Russell 2500 ETF during the second quarter worth $44,000. New Republic Capital LLC bought a new position in shares of iShares Russell 2500 ETF in the 3rd quarter valued at about $71,000. Russell Investments Group Ltd. bought a new position in shares of iShares Russell 2500 ETF in the 2nd quarter valued at about $82,000. Allspring Global Investments Holdings LLC increased its stake in shares of iShares Russell 2500 ETF by 27.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,269 shares of the company’s stock worth $87,000 after purchasing an additional 276 shares during the last quarter. Finally, Fairman Group LLC raised its holdings in shares of iShares Russell 2500 ETF by 634.1% in the 2nd quarter. Fairman Group LLC now owns 1,637 shares of the company’s stock valued at $111,000 after purchasing an additional 1,414 shares during the period.

iShares Russell 2500 ETF Stock Up 15.2%

BATS:SMMD opened at $78.69 on Friday. iShares Russell 2500 ETF has a 12-month low of $53.81 and a 12-month high of $74.66. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 19.95 and a beta of 1.09. The stock’s 50 day moving average price is $77.16 and its two-hundred day moving average price is $74.10.

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.