iShares Russell 2500 ETF (BATS:SMMD) Sets New 52-Week High – Here’s What Happened

iShares Russell 2500 ETF (BATS:SMMD)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $69.32 and last traded at $68.36, with a volume of 82248 shares. The stock had previously closed at $69.32.

iShares Russell 2500 ETF Stock Performance

The company’s 50-day simple moving average is $66.76 and its 200 day simple moving average is $64.52. The company has a market cap of $1.15 billion, a PE ratio of 15.31 and a beta of 1.15.

Institutional Trading of iShares Russell 2500 ETF

Several hedge funds have recently modified their holdings of SMMD. Eagle Bay Advisors LLC increased its holdings in iShares Russell 2500 ETF by 45.8% during the 1st quarter. Eagle Bay Advisors LLC now owns 573 shares of the company’s stock worth $38,000 after purchasing an additional 180 shares during the period. ORG Partners LLC purchased a new stake in shares of iShares Russell 2500 ETF during the second quarter worth approximately $47,000. EverSource Wealth Advisors LLC acquired a new stake in iShares Russell 2500 ETF in the first quarter valued at approximately $105,000. 1620 Investment Advisors Inc. purchased a new position in iShares Russell 2500 ETF in the second quarter worth approximately $146,000. Finally, Carmichael Hill & Associates Inc. grew its holdings in iShares Russell 2500 ETF by 8.1% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 2,369 shares of the company’s stock worth $148,000 after acquiring an additional 178 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.