Pacific Excel Wealth Advisors Inc. Makes New Investment in iShares Russell 2500 ETF $SMMD

Pacific Excel Wealth Advisors Inc. purchased a new stake in shares of iShares Russell 2500 ETF (BATS:SMMD) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 89,987 shares of the company’s stock, valued at approximately $8,246,000. iShares Russell 2500 ETF comprises 3.2% of Pacific Excel Wealth Advisors Inc.’s holdings, making the stock its 4th biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp increased its stake in shares of iShares Russell 2500 ETF by 485.3% in the first quarter. Fifth Third Bancorp now owns 3,058,941 shares of the company’s stock worth $233,550,000 after purchasing an additional 2,536,353 shares during the period. Glenmede Trust Co. NA increased its position 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 worth $336,978,000 after acquiring an additional 475,969 shares during the period. Blair William & Co. IL raised its stake in iShares Russell 2500 ETF by 156.7% during the 4th quarter. Blair William & Co. IL now owns 479,957 shares of the company’s stock valued at $35,968,000 after purchasing an additional 292,966 shares during the last quarter. Focus Partners Wealth boosted its holdings in iShares Russell 2500 ETF by 53.0% in the 4th quarter. Focus Partners Wealth now owns 757,995 shares of the company’s stock valued at $56,804,000 after purchasing an additional 262,684 shares during the period. Finally, CENTRAL TRUST Co boosted its holdings in iShares Russell 2500 ETF by 27.1% in the 1st quarter. CENTRAL TRUST Co now owns 949,678 shares of the company’s stock valued at $72,508,000 after purchasing an additional 202,293 shares during the period.

iShares Russell 2500 ETF Price Performance

BATS SMMD opened at $92.22 on Wednesday. The company’s fifty day moving average is $89.57 and its two-hundred day moving average is $83.97. iShares Russell 2500 ETF has a 52-week low of $68.49 and a 52-week high of $92.48. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 19.95 and a beta of 1.09.

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.