iShares Russell 2500 ETF (BATS:SMMD) Hits New 52-Week High – Here’s What Happened

iShares Russell 2500 ETF (BATS:SMMD) reached a new 52-week high during trading on Thursday . The company traded as high as $69.87 and last traded at $69.66, with a volume of 104990 shares traded. The stock had previously closed at $68.30.

iShares Russell 2500 ETF Stock Performance

The stock has a market cap of $1.19 billion, a P/E ratio of 15.31 and a beta of 1.15. The company has a 50-day simple moving average of $70.65 and a 200-day simple moving average of $67.64.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Eagle Bay Advisors LLC bought a new position in shares of iShares Russell 2500 ETF in the fourth quarter worth about $30,000. ORG Partners LLC raised its position in iShares Russell 2500 ETF by 39.3% in the 4th quarter. ORG Partners LLC now owns 1,050 shares of the company’s stock worth $71,000 after purchasing an additional 296 shares during the last quarter. IHT Wealth Management LLC acquired a new position in iShares Russell 2500 ETF during the 3rd quarter worth $200,000. First Heartland Consultants Inc. bought a new position in iShares Russell 2500 ETF in the 3rd quarter valued at $201,000. Finally, Sfmg LLC bought a new position in iShares Russell 2500 ETF in the 3rd quarter valued at $211,000.

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.