iShares Russell 2500 ETF (BATS:SMMD) Sets New 52-Week High – Still a Buy?

iShares Russell 2500 ETF (BATS:SMMD)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $74.66 and last traded at $74.08, with a volume of 172398 shares traded. The stock had previously closed at $73.02.

iShares Russell 2500 ETF Price Performance

The stock has a market capitalization of $1.26 billion, a P/E ratio of 15.31 and a beta of 1.15. The company has a 50 day simple moving average of $68.71 and a 200-day simple moving average of $65.75.

Institutional Investors Weigh In On iShares Russell 2500 ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Andina Capital Management LLC increased its stake in shares of iShares Russell 2500 ETF by 1.0% in the third 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 in the last quarter. Carmichael Hill & Associates Inc. raised 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 valued at $148,000 after acquiring an additional 178 shares during the period. Mayfair Advisory Group LLC raised its holdings in iShares Russell 2500 ETF by 4.1% during the 3rd quarter. Mayfair Advisory Group LLC now owns 4,939 shares of the company’s stock valued at $333,000 after acquiring an additional 195 shares during the period. D.A. Davidson & CO. lifted its position in shares of iShares Russell 2500 ETF by 5.2% during the third quarter. D.A. Davidson & CO. now owns 4,553 shares of the company’s stock worth $308,000 after acquiring an additional 225 shares in the last quarter. Finally, Whittier Trust Co. boosted its holdings in shares of iShares Russell 2500 ETF by 4.6% in the second quarter. Whittier Trust Co. now owns 7,984 shares of the company’s stock worth $500,000 after acquiring an additional 351 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.