Gerber Kawasaki Wealth & Investment Management Raises Holdings in iShares Russell 2500 ETF $SMMD

Gerber Kawasaki Wealth & Investment Management boosted its holdings in shares of iShares Russell 2500 ETF (BATS:SMMD) by 6.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 471,055 shares of the company’s stock after buying an additional 27,082 shares during the quarter. iShares Russell 2500 ETF makes up approximately 1.2% of Gerber Kawasaki Wealth & Investment Management’s investment portfolio, making the stock its 21st biggest holding. Gerber Kawasaki Wealth & Investment Management owned about 2.20% of iShares Russell 2500 ETF worth $35,301,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Global Retirement Partners LLC increased its holdings in iShares Russell 2500 ETF by 423.3% during the fourth quarter. Global Retirement Partners LLC now owns 382 shares of the company’s stock valued at $29,000 after buying an additional 309 shares during the period. Larson Financial Group LLC purchased a new position in iShares Russell 2500 ETF during the fourth quarter valued at approximately $30,000. PNC Financial Services Group Inc. increased its holdings in iShares Russell 2500 ETF by 5,020.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 512 shares of the company’s stock valued at $38,000 after buying an additional 502 shares during the period. Federated Hermes Inc. purchased a new position in iShares Russell 2500 ETF during the fourth quarter valued at approximately $65,000. Finally, CIBC Private Wealth Group LLC increased its holdings in iShares Russell 2500 ETF by 14.7% during the third quarter. CIBC Private Wealth Group LLC now owns 1,090 shares of the company’s stock valued at $80,000 after buying an additional 140 shares during the period.

iShares Russell 2500 ETF Stock Up 1.0%

Shares of SMMD stock opened at $89.79 on Friday. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 19.95 and a beta of 1.09. The company’s 50 day moving average is $84.96 and its 200 day moving average is $80.34. iShares Russell 2500 ETF has a 52-week low of $65.34 and a 52-week high of $90.33.

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.