iShares Russell 2500 ETF (BATS:SMMD) Hits New 52-Week High – Should You Buy?

Shares of iShares Russell 2500 ETF (BATS:SMMD) hit a new 52-week high on Monday . The company traded as high as $69.87 and last traded at $63.74, with a volume of 104990 shares trading hands. The stock had previously closed at $68.30.

iShares Russell 2500 ETF Stock Performance

The company has a market cap of $1.30 billion, a price-to-earnings ratio of 18.41 and a beta of 1.17. The firm’s 50 day simple moving average is $68.78 and its 200-day simple moving average is $68.87.

Hedge Funds Weigh In On iShares Russell 2500 ETF

A number of institutional investors and hedge funds have recently bought and sold shares of SMMD. FMR LLC lifted its stake in iShares Russell 2500 ETF by 41.5% in the 3rd quarter. FMR LLC now owns 717,116 shares of the company’s stock worth $48,570,000 after purchasing an additional 210,399 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of iShares Russell 2500 ETF by 2.9% in the 3rd quarter. HighTower Advisors LLC now owns 137,168 shares of the company’s stock worth $9,291,000 after acquiring an additional 3,923 shares during the last quarter. MidWestOne Financial Group Inc. purchased a new position in shares of iShares Russell 2500 ETF during the 3rd quarter worth $1,418,000. First Heartland Consultants Inc. purchased a new stake in shares of iShares Russell 2500 ETF in the third quarter valued at about $201,000. Finally, Simplicity Wealth LLC raised its stake in iShares Russell 2500 ETF by 3.4% during the fourth quarter. Simplicity Wealth LLC now owns 118,675 shares of the company’s stock worth $8,070,000 after purchasing an additional 3,884 shares during the period.

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.