iShares Russell 2500 ETF (BATS:SMMD) Sets New 52-Week High – What’s Next?

iShares Russell 2500 ETF (BATS:SMMD)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $70.40 and last traded at $70.12, with a volume of 127142 shares changing hands. The stock had previously closed at $69.94.

iShares Russell 2500 ETF Price Performance

The company has a market cap of $1.20 billion, a price-to-earnings ratio of 15.31 and a beta of 1.15. The stock has a 50 day simple moving average of $68.31 and a two-hundred day simple moving average of $65.58.

Institutional Trading of iShares Russell 2500 ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Blair William & Co. IL lifted its stake in shares of iShares Russell 2500 ETF by 23.8% in the 1st quarter. Blair William & Co. IL now owns 10,540 shares of the company’s stock valued at $692,000 after purchasing an additional 2,025 shares during the last quarter. Heron Bay Capital Management raised its stake in shares of iShares Russell 2500 ETF by 65.9% in the 1st quarter. Heron Bay Capital Management now owns 12,582 shares of the company’s stock valued at $826,000 after acquiring an additional 5,000 shares during the period. Advisory Resource Group lifted its stake in iShares Russell 2500 ETF by 7.6% during the first quarter. Advisory Resource Group now owns 230,509 shares of the company’s stock worth $15,124,000 after purchasing an additional 16,215 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new position in iShares Russell 2500 ETF during the 1st quarter valued at about $105,000. Finally, CWM LLC grew its holdings in shares of iShares Russell 2500 ETF by 8.8% in the second quarter. CWM LLC now owns 12,540 shares of the company’s stock valued at $785,000 after purchasing an additional 1,016 shares in the last quarter.

iShares Russell 2500 ETF Company 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.