iShares Russell 2500 ETF (BATS:SMMD) Sets New 12-Month High – Should You Buy?

Shares of iShares Russell 2500 ETF (BATS:SMMD) hit a new 52-week high during trading on Tuesday . The company traded as high as $88.26 and last traded at $87.75, with a volume of 3324 shares traded. The stock had previously closed at $86.37.

iShares Russell 2500 ETF Price Performance

The stock’s 50-day moving average price is $82.05 and its 200 day moving average price is $79.06. The firm has a market cap of $1.90 billion, a P/E ratio of 19.95 and a beta of 1.09.

Institutional Trading of iShares Russell 2500 ETF

Institutional investors have recently made changes to their positions in the business. Angeles Wealth Management LLC raised its position in iShares Russell 2500 ETF by 150.3% during the first quarter. Angeles Wealth Management LLC now owns 358 shares of the company’s stock worth $27,000 after acquiring an additional 215 shares in the last quarter. Global Retirement Partners LLC raised its position in iShares Russell 2500 ETF by 423.3% during the fourth quarter. Global Retirement Partners LLC now owns 382 shares of the company’s stock worth $29,000 after acquiring an additional 309 shares in the last quarter. Larson Financial Group LLC bought a new stake in iShares Russell 2500 ETF during the fourth quarter worth $30,000. PNC Financial Services Group Inc. raised its position in iShares Russell 2500 ETF by 5,020.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 512 shares of the company’s stock worth $38,000 after acquiring an additional 502 shares in the last quarter. Finally, SHP Wealth Management bought a new stake in iShares Russell 2500 ETF during the fourth quarter worth $50,000.

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.