iShares Russell 2500 ETF (BATS:SMMD) Hits New 1-Year High – Here’s What Happened

iShares Russell 2500 ETF (BATS:SMMD)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $73.26 and last traded at $72.99, with a volume of 380890 shares changing hands. The stock had previously closed at $72.16.

iShares Russell 2500 ETF Trading Down 0.6 %

The business has a 50-day moving average price of $67.69 and a 200-day moving average price of $65.27. The firm has a market cap of $1.22 billion, a P/E ratio of 15.31 and a beta of 1.15.

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 SMMD. Eagle Bay Advisors LLC raised its stake in shares of iShares Russell 2500 ETF by 45.8% in the first 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 last quarter. ORG Partners LLC acquired a new stake in shares of iShares Russell 2500 ETF in the second quarter worth approximately $47,000. EverSource Wealth Advisors LLC acquired a new stake in shares of iShares Russell 2500 ETF in the first quarter worth approximately $105,000. 1620 Investment Advisors Inc. purchased a new position in iShares Russell 2500 ETF during the second quarter worth approximately $146,000. Finally, Carmichael Hill & Associates Inc. lifted its position in iShares Russell 2500 ETF by 8.1% during the second quarter. Carmichael Hill & Associates Inc. now owns 2,369 shares of the company’s stock worth $148,000 after buying 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.