Thayer Financial L.L.C. Makes New Investment in iShares Russell 2500 ETF $SMMD

Thayer Financial L.L.C. bought a new stake in iShares Russell 2500 ETF (BATS:SMMD) during the 3rd quarter, HoldingsChannel reports. The fund bought 8,766 shares of the company’s stock, valued at approximately $753,000. iShares Russell 2500 ETF comprises 0.7% of Thayer Financial L.L.C.’s investment portfolio, making the stock its 18th largest holding.

Several other institutional investors have also recently made changes to their positions in SMMD. Benchmark Financial Wealth Advisors LLC purchased a new position in shares of iShares Russell 2500 ETF during the third quarter valued at approximately $8,729,000. Diversify Advisory Services LLC purchased a new stake in shares of iShares Russell 2500 ETF in the third quarter worth approximately $578,000. Tred Avon Family Wealth LLC purchased a new stake in shares of iShares Russell 2500 ETF in the third quarter worth approximately $365,000. Mayfair Advisory Group LLC purchased a new stake in shares of iShares Russell 2500 ETF in the third quarter worth approximately $654,000. Finally, CWA Asset Management Group LLC bought a new stake in shares of iShares Russell 2500 ETF during the 3rd quarter worth approximately $19,964,000.

iShares Russell 2500 ETF Stock Performance

Shares of SMMD stock opened at $85.81 on Wednesday. The stock has a 50 day moving average price of $88.50 and a 200 day moving average price of $87.79. iShares Russell 2500 ETF has a 52-week low of $69.94 and a 52-week high of $93.42. The firm has a market capitalization of $1.84 billion, a P/E 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.