iShares Russell 2500 ETF (BATS:SMMD) Sets New 1-Year High – Should You Buy?

Shares of iShares Russell 2500 ETF (BATS:SMMD) hit a new 52-week high during trading on Monday . The stock traded as high as $69.87 and last traded at $63.14, with a volume of 104990 shares trading hands. The stock had previously closed at $68.30.

iShares Russell 2500 ETF Price Performance

The company has a market cap of $1.32 billion, a price-to-earnings ratio of 17.67 and a beta of 1.18. The business has a 50 day simple moving average of $68.23 and a 200 day simple moving average of $68.73.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Eagle Bay Advisors LLC bought a new stake in iShares Russell 2500 ETF in the fourth quarter valued at approximately $30,000. National Bank of Canada FI acquired a new stake in shares of iShares Russell 2500 ETF in the 4th quarter valued at $32,000. Transcendent Capital Group LLC boosted its holdings in shares of iShares Russell 2500 ETF by 396.0% in the 4th quarter. Transcendent Capital Group LLC now owns 496 shares of the company’s stock valued at $34,000 after purchasing an additional 396 shares in the last quarter. Private Trust Co. NA acquired a new stake in shares of iShares Russell 2500 ETF during the 4th quarter valued at $34,000. Finally, ORG Partners LLC boosted its holdings in shares of iShares Russell 2500 ETF by 39.3% during the 4th quarter. ORG Partners LLC now owns 1,050 shares of the company’s stock valued at $71,000 after acquiring an additional 296 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.