iShares Russell 2500 ETF (BATS:SMMD) Reaches New 1-Year High – Still a Buy?

iShares Russell 2500 ETF (BATS:SMMD)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $82.26 and last traded at $81.88, with a volume of 2296 shares trading hands. The stock had previously closed at $81.65.

iShares Russell 2500 ETF Trading Up 0.8%

The stock’s 50-day moving average is $78.73 and its 200-day moving average is $76.71. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 19.95 and a beta of 1.09.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Glenmede Investment Management LP lifted its position in shares of iShares Russell 2500 ETF by 16.2% during the 3rd quarter. Glenmede Investment Management LP now owns 3,404,659 shares of the company’s stock valued at $251,026,000 after acquiring an additional 473,942 shares during the period. Bank of America Corp DE increased its stake in iShares Russell 2500 ETF by 12.2% during the 3rd quarter. Bank of America Corp DE now owns 916,251 shares of the company’s stock valued at $67,555,000 after purchasing an additional 99,752 shares in the last quarter. Focus Partners Wealth increased its stake in iShares Russell 2500 ETF by 53.0% during the 4th quarter. Focus Partners Wealth now owns 757,995 shares of the company’s stock valued at $56,804,000 after purchasing an additional 262,684 shares in the last quarter. CENTRAL TRUST Co increased its stake in iShares Russell 2500 ETF by 7.8% during the 4th quarter. CENTRAL TRUST Co now owns 747,385 shares of the company’s stock valued at $56,009,000 after purchasing an additional 54,284 shares in the last quarter. Finally, Cresset Asset Management LLC increased its stake in iShares Russell 2500 ETF by 0.8% during the 3rd quarter. Cresset Asset Management LLC now owns 608,949 shares of the company’s stock valued at $44,898,000 after purchasing an additional 5,125 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.