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

Shares of iShares Russell 2500 ETF (BATS:SMMD) reached a new 52-week high during trading on Monday . The stock traded as high as $72.02 and last traded at $71.80, with a volume of 129327 shares trading hands. The stock had previously closed at $71.61.

iShares Russell 2500 ETF Price Performance

The stock has a market capitalization of $1.22 billion, a P/E ratio of 15.31 and a beta of 1.15. The stock’s fifty day moving average is $70.44 and its two-hundred day moving average is $66.70.

Institutional Trading of iShares Russell 2500 ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. 1620 Investment Advisors Inc. acquired a new stake in shares of iShares Russell 2500 ETF during the second quarter worth approximately $146,000. Carmichael Hill & Associates Inc. increased its stake in shares of iShares Russell 2500 ETF by 8.1% in the second quarter. Carmichael Hill & Associates Inc. now owns 2,369 shares of the company’s stock worth $148,000 after acquiring an additional 178 shares during the last quarter. IHT Wealth Management LLC purchased a new stake in shares of iShares Russell 2500 ETF during the third quarter worth $200,000. First Heartland Consultants Inc. acquired a new stake in iShares Russell 2500 ETF during the third quarter valued at $201,000. Finally, Sfmg LLC purchased a new stake in shares of iShares Russell 2500 ETF during the 3rd quarter worth about $211,000.

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.