Simplicity Wealth LLC Makes New $1.60 Million Investment in iShares Russell 2500 ETF $SMMD

Simplicity Wealth LLC acquired a new stake in iShares Russell 2500 ETF (BATS:SMMD) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 18,668 shares of the company’s stock, valued at approximately $1,596,000. Simplicity Wealth LLC owned about 0.09% of iShares Russell 2500 ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SMMD. Glenmede Trust Co. NA lifted its stake in iShares Russell 2500 ETF by 12.1% in the first quarter. Glenmede Trust Co. NA now owns 4,413,593 shares of the company’s stock valued at $336,978,000 after buying an additional 475,969 shares during the period. Fifth Third Bancorp grew its position in shares of 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 buying an additional 2,536,353 shares during the period. Diesslin Group Inc. increased its stake in shares of iShares Russell 2500 ETF by 20.5% in the 2nd quarter. Diesslin Group Inc. now owns 351,000 shares of the company’s stock valued at $32,162,000 after acquiring an additional 59,807 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in shares of iShares Russell 2500 ETF in the 3rd quarter valued at about $19,964,000. Finally, Ulrich Consultants & Investment Group LLC bought a new stake in shares of iShares Russell 2500 ETF in the 3rd quarter valued at about $17,207,000.

iShares Russell 2500 ETF Price Performance

Shares of BATS:SMMD opened at $85.96 on Tuesday. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 19.95 and a beta of 1.09. The firm’s 50 day simple moving average is $88.13 and its 200 day simple moving average is $85.11. iShares Russell 2500 ETF has a fifty-two week low of $69.94 and a fifty-two week high of $93.42.

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.