Gerber Kawasaki Wealth & Investment Management Purchases 328,098 Shares of iShares Russell 2500 ETF $SMMD

Gerber Kawasaki Wealth & Investment Management grew its holdings in iShares Russell 2500 ETF (BATS:SMMD) by 283.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 443,973 shares of the company’s stock after acquiring an additional 328,098 shares during the quarter. iShares Russell 2500 ETF comprises about 1.1% of Gerber Kawasaki Wealth & Investment Management’s investment portfolio, making the stock its 26th biggest position. Gerber Kawasaki Wealth & Investment Management’s holdings in iShares Russell 2500 ETF were worth $32,734,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Royal Bank of Canada boosted its stake in iShares Russell 2500 ETF by 12.0% during the 1st quarter. Royal Bank of Canada now owns 58,273 shares of the company’s stock valued at $3,644,000 after purchasing an additional 6,223 shares during the period. Jane Street Group LLC increased its position in iShares Russell 2500 ETF by 1,288.2% in the 1st quarter. Jane Street Group LLC now owns 77,005 shares of the company’s stock worth $4,816,000 after buying an additional 71,458 shares during the period. Altman Advisors Inc. increased its position in iShares Russell 2500 ETF by 5.3% in the 2nd quarter. Altman Advisors Inc. now owns 22,279 shares of the company’s stock worth $1,510,000 after buying an additional 1,119 shares during the period. CENTRAL TRUST Co lifted its holdings in shares of iShares Russell 2500 ETF by 14.0% during the second quarter. CENTRAL TRUST Co now owns 621,081 shares of the company’s stock worth $42,097,000 after buying an additional 76,222 shares during the last quarter. Finally, Wealthspire Advisors LLC boosted its position in shares of iShares Russell 2500 ETF by 4.4% in the second quarter. Wealthspire Advisors LLC now owns 503,388 shares of the company’s stock valued at $34,120,000 after acquiring an additional 21,416 shares during the period.

iShares Russell 2500 ETF Trading Down 2.3%

Shares of iShares Russell 2500 ETF stock opened at $77.09 on Monday. iShares Russell 2500 ETF has a 1 year low of $53.81 and a 1 year high of $82.05. The company’s fifty day simple moving average is $79.49 and its 200-day simple moving average is $75.97. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 19.95 and a beta of 1.09.

iShares Russell 2500 ETF Company 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.