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

iShares Russell 2500 ETF (BATS:SMMD) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $69.87 and last traded at $67.38, with a volume of 104990 shares trading hands. The stock had previously closed at $68.30.

iShares Russell 2500 ETF Price Performance

The stock’s 50 day simple moving average is $69.30 and its 200-day simple moving average is $68.81. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 18.41 and a beta of 1.17.

Institutional Investors Weigh In On iShares Russell 2500 ETF

A number of large investors have recently bought and sold shares of the business. FMR LLC lifted its position in shares of iShares Russell 2500 ETF by 41.5% in the third quarter. FMR LLC now owns 717,116 shares of the company’s stock worth $48,570,000 after buying an additional 210,399 shares during the last quarter. SC&H Financial Advisors Inc. lifted its holdings in iShares Russell 2500 ETF by 48.0% in the 3rd quarter. SC&H Financial Advisors Inc. now owns 4,834 shares of the company’s stock worth $327,000 after purchasing an additional 1,567 shares during the last quarter. HighTower Advisors LLC boosted its position in iShares Russell 2500 ETF by 2.9% during the third quarter. HighTower Advisors LLC now owns 137,168 shares of the company’s stock worth $9,291,000 after purchasing an additional 3,923 shares during the period. MidWestOne Financial Group Inc. acquired a new position in iShares Russell 2500 ETF during the third quarter valued at approximately $1,418,000. Finally, Benchmark Financial Wealth Advisors LLC raised its position in shares of iShares Russell 2500 ETF by 9.0% in the third quarter. Benchmark Financial Wealth Advisors LLC now owns 66,280 shares of the company’s stock valued at $4,489,000 after purchasing an additional 5,497 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.