iShares Russell 2500 ETF (BATS:SMMD) Reaches New 12-Month High – Time to Buy?

iShares Russell 2500 ETF (BATS:SMMD) shares hit a new 52-week high on Monday . The company traded as high as $69.87 and last traded at $68.71, with a volume of 104990 shares. The stock had previously closed at $68.30.

iShares Russell 2500 ETF Stock Performance

The stock’s 50 day moving average price is $70.34 and its 200-day moving average price is $68.29. The company has a market cap of $1.19 billion, a PE ratio of 15.31 and a beta of 1.15.

Institutional Investors Weigh In On iShares Russell 2500 ETF

Several institutional investors have recently bought and sold shares of SMMD. FMR LLC lifted its position in iShares Russell 2500 ETF by 41.5% in the third quarter. FMR LLC now owns 717,116 shares of the company’s stock valued at $48,570,000 after purchasing an additional 210,399 shares during the last quarter. SC&H Financial Advisors Inc. raised its holdings in iShares Russell 2500 ETF by 48.0% during the 3rd quarter. SC&H Financial Advisors Inc. now owns 4,834 shares of the company’s stock valued at $327,000 after buying 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 3rd quarter. HighTower Advisors LLC now owns 137,168 shares of the company’s stock valued at $9,291,000 after buying an additional 3,923 shares during the period. MidWestOne Financial Group Inc. bought a new stake in iShares Russell 2500 ETF in the 3rd quarter worth $1,418,000. Finally, HF Advisory Group LLC increased its position in shares of iShares Russell 2500 ETF by 2.5% in the third quarter. HF Advisory Group LLC now owns 17,351 shares of the company’s stock valued at $1,175,000 after acquiring an additional 421 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.