iShares Russell 2500 ETF (BATS:SMMD) Reaches New 1-Year High – What’s Next?

iShares Russell 2500 ETF (BATS:SMMD) reached a new 52-week high during trading on Monday . The company traded as high as $69.87 and last traded at $67.38, with a volume of 104990 shares traded. The stock had previously closed at $68.30.

iShares Russell 2500 ETF Stock Down 1.6 %

The firm’s 50 day moving average price is $69.46 and its two-hundred day moving average price is $68.76. The firm has a market capitalization of $1.38 billion, a PE ratio of 18.41 and a beta of 1.17.

Hedge Funds Weigh In On iShares Russell 2500 ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James & Associates increased its position in shares of iShares Russell 2500 ETF by 119.2% during the third quarter. Raymond James & Associates now owns 105,781 shares of the company’s stock worth $7,165,000 after acquiring an additional 57,534 shares during the last quarter. SC&H Financial Advisors Inc. increased its holdings in iShares Russell 2500 ETF by 48.0% during the 3rd quarter. SC&H Financial Advisors Inc. now owns 4,834 shares of the company’s stock worth $327,000 after purchasing an additional 1,567 shares during the last quarter. Andina Capital Management LLC increased its holdings in iShares Russell 2500 ETF by 1.0% during the 3rd quarter. Andina Capital Management LLC now owns 16,383 shares of the company’s stock worth $1,110,000 after purchasing an additional 168 shares during the last quarter. Catalyst Financial Partners LLC raised its position in shares of iShares Russell 2500 ETF by 36.8% in the 3rd quarter. Catalyst Financial Partners LLC now owns 43,974 shares of the company’s stock valued at $2,978,000 after purchasing an additional 11,828 shares in the last quarter. Finally, Pure Financial Advisors LLC boosted its stake in shares of iShares Russell 2500 ETF by 17.3% during the 3rd quarter. Pure Financial Advisors LLC now owns 8,112 shares of the company’s stock valued at $549,000 after buying an additional 1,197 shares during the last quarter.

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.