iShares Russell 2500 ETF $SMMD is City National Bank of Florida MSD’s 2nd Largest Position

City National Bank of Florida MSD decreased its holdings in shares of iShares Russell 2500 ETF (BATS:SMMD) by 11.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 150,287 shares of the company’s stock after selling 19,283 shares during the quarter. iShares Russell 2500 ETF makes up about 7.4% of City National Bank of Florida MSD’s holdings, making the stock its 2nd biggest position. City National Bank of Florida MSD’s holdings in iShares Russell 2500 ETF were worth $11,263,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SMMD. Glenmede Investment Management LP increased its stake in shares of iShares Russell 2500 ETF by 16.2% during the 3rd quarter. Glenmede Investment Management LP now owns 3,404,659 shares of the company’s stock worth $251,026,000 after purchasing an additional 473,942 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management increased its stake in shares of iShares Russell 2500 ETF by 283.1% during the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 443,973 shares of the company’s stock worth $32,734,000 after purchasing an additional 328,098 shares during the last quarter. Blair William & Co. IL increased its stake in shares of 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 worth $35,968,000 after purchasing an additional 292,966 shares during the last quarter. Focus Partners Wealth increased its stake in shares of iShares Russell 2500 ETF by 53.0% during the 4th quarter. Focus Partners Wealth now owns 757,995 shares of the company’s stock worth $56,804,000 after purchasing an additional 262,684 shares during the last quarter. Finally, Bridges Investment Management Inc. acquired a new position in shares of iShares Russell 2500 ETF during the 4th quarter worth $13,803,000.

iShares Russell 2500 ETF Stock Down 1.0%

Shares of SMMD opened at $88.76 on Thursday. The company’s fifty day moving average is $85.68 and its 200-day moving average is $80.71. iShares Russell 2500 ETF has a 12 month low of $65.34 and a 12 month high of $91.27. The firm has a market cap of $1.90 billion, a price-to-earnings 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.