Atomi Financial Group Inc. Reduces Stake in iShares Russell 2500 ETF

Atomi Financial Group Inc. has announced a reduction in its holdings of the iShares Russell 2500 ETF (BATS:SMMD), by 12.7% during the third quarter. This information comes from the firm’s latest Form 13F filing with the Securities and Exchange Commission (SEC). After selling 564 shares of the ETF, Atomi Financial Group now holds a total of 3,887 shares of iShares Russell 2500 ETF.

As per the most recent SEC filing, Atomi Financial Group's remaining shares in the ETF are valued at approximately $263,000. This decision is part of a broader trend observed among various hedge funds which have recently altered their positions in SMMD.

For example, Eagle Bay Advisors LLC has increased its ownership of iShares Russell 2500 ETF by an impressive 45.8% in the first quarter, now holding 573 shares worth about $38,000 after acquiring an additional 180 shares. Additionally, ORG Partners LLC entered the scene by purchasing a new stake in the ETF during the second quarter, valued at around $47,000.

Other funds have also made strategic moves: EverSource Wealth Advisors LLC acquired a new position during the first quarter, estimated at approximately $105,000, while 1620 Investment Advisors Inc. made a new purchase during the second quarter for about $146,000. Moreover, Carmichael Hill & Associates Inc. raised its investment in the iShares Russell 2500 ETF by 8.1% in the second quarter, now owning 2,369 shares valued at $148,000 after buying an additional 178 shares.

Current Performance of iShares Russell 2500 ETF

As of the most recent trading day, shares of the iShares Russell 2500 ETF traded at $68.21, reflecting a gain of 1.7%. The stock has shown a fifty-day moving average of $65.82 and a two-hundred-day average of $64.30. The ETF's performance over the past year indicates a low of $38.91 and a high of $45.72. With a market cap of $1.16 billion, the iShares Russell 2500 ETF has a price-to-earnings ratio of 15.31 and a beta of 1.15, indicating its relative volatility compared to the market.

Overview of iShares Russell 2500 ETF

The iShares Russell 2500 ETF (SMMD) is an exchange-traded fund that tracks the Russell 2500 Index, which includes a market-cap-weighted selection of U.S. companies ranked between 501 and 3,000 by market capitalization. Launched on July 6, 2017, this ETF is managed by BlackRock, providing investors with a diversified exposure to small and mid-cap stocks.

Investing Insights

The investment landscape is continuously evolving, with various institutions making significant adjustments to their equity positions. Understanding these movements can provide valuable insights for individual investors seeking to navigate the market. Keeping track of changes in holdings by major funds can be instrumental in making informed investment decisions.

For those interested in monitoring hedge fund activities regarding the iShares Russell 2500 ETF, numerous resources are available for accessing the latest 13F filings and insider trades.

Atomi, Financial, ETF