iShares Russell 2500 ETF (BATS:SMMD) Hits New 12-Month High – What’s Next?

iShares Russell 2500 ETF (BATS:SMMD) reached a new 52-week high on Monday . The stock traded as high as $68.41 and last traded at $68.25, with a volume of 52576 shares trading hands. The stock had previously closed at $67.42.

iShares Russell 2500 ETF Trading Up 0.0 %

The stock has a 50 day moving average price of $66.98 and a 200-day moving average price of $64.65. The stock has a market capitalization of $1.16 billion, a PE ratio of 15.31 and a beta of 1.15.

Hedge Funds Weigh In On iShares Russell 2500 ETF

Several institutional investors have recently made changes to their positions in SMMD. Eagle Bay Advisors LLC boosted its stake in shares of 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 acquiring an additional 180 shares during the last quarter. ORG Partners LLC purchased a new stake in iShares Russell 2500 ETF in the 2nd quarter worth approximately $47,000. EverSource Wealth Advisors LLC purchased a new position in iShares Russell 2500 ETF during the first quarter valued at approximately $105,000. 1620 Investment Advisors Inc. purchased a new position in iShares Russell 2500 ETF during the second quarter valued at approximately $146,000. Finally, Carmichael Hill & Associates Inc. boosted its position 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 purchasing an additional 178 shares during the period.

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.