QP Wealth Management LLC Makes New $2.89 Million Investment in iShares Russell 2500 ETF $SMMD

QP Wealth Management LLC purchased a new stake in shares of iShares Russell 2500 ETF (BATS:SMMD) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 33,831 shares of the company’s stock, valued at approximately $2,893,000. iShares Russell 2500 ETF accounts for 4.3% of QP Wealth Management LLC’s investment portfolio, making the stock its 3rd largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Glenmede Trust Co. NA increased its holdings in iShares Russell 2500 ETF by 12.1% in the 1st 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 in the last quarter. Fifth Third Bancorp raised its stake in iShares Russell 2500 ETF by 485.3% during the 1st quarter. Fifth Third Bancorp now owns 3,058,941 shares of the company’s stock worth $233,550,000 after acquiring an additional 2,536,353 shares during the period. CENTRAL TRUST Co raised its stake in iShares Russell 2500 ETF by 27.1% during the 1st quarter. CENTRAL TRUST Co now owns 949,678 shares of the company’s stock worth $72,508,000 after acquiring an additional 202,293 shares during the period. Diesslin Group Inc. lifted its holdings in iShares Russell 2500 ETF by 20.5% during the second quarter. Diesslin Group Inc. now owns 351,000 shares of the company’s stock valued at $32,162,000 after purchasing an additional 59,807 shares in the last quarter. Finally, CWA Asset Management Group LLC purchased a new position in iShares Russell 2500 ETF during the third quarter valued at approximately $19,964,000.

iShares Russell 2500 ETF Price Performance

Shares of BATS SMMD opened at $85.81 on Wednesday. The firm has a fifty day moving average price of $88.50 and a 200-day moving average price of $87.79. The stock has a market cap of $1.84 billion, a PE ratio of 19.95 and a beta of 1.09. iShares Russell 2500 ETF has a 1 year low of $69.94 and a 1 year high of $93.42.

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.