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

iShares Russell 2500 ETF (BATS:SMMD) hit a new 52-week high during trading on Tuesday . The stock traded as high as $69.87 and last traded at $70.15, with a volume of 104990 shares traded. The stock had previously closed at $68.30.

iShares Russell 2500 ETF Stock Performance

The company has a market capitalization of $1.20 billion, a PE ratio of 15.31 and a beta of 1.15. The firm’s 50-day simple moving average is $69.72 and its 200 day simple moving average is $68.53.

Institutional Investors Weigh In On iShares Russell 2500 ETF

Several institutional investors have recently made changes to their positions in the stock. City National Bank of Florida MSD purchased a new stake in shares of iShares Russell 2500 ETF during the 4th quarter worth $8,298,000. MidWestOne Financial Group Inc. boosted its position in shares of iShares Russell 2500 ETF by 16.3% during the 4th quarter. MidWestOne Financial Group Inc. now owns 24,342 shares of the company’s stock worth $1,655,000 after purchasing an additional 3,409 shares in the last quarter. Guardian Wealth Advisors LLC NC purchased a new stake in shares of iShares Russell 2500 ETF in the 4th quarter worth about $241,000. Focus Partners Wealth boosted its position in shares of iShares Russell 2500 ETF by 3.1% in the 4th quarter. Focus Partners Wealth now owns 222,853 shares of the company’s stock worth $15,154,000 after buying an additional 6,798 shares in the last quarter. Finally, Dimension Capital Management LLC purchased a new stake in shares of iShares Russell 2500 ETF in the 4th quarter worth about $249,000.

About iShares Russell 2500 ETF

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.