iShares Russell 2500 ETF (BATS:SMMD) Hits New 52-Week High – What’s Next?

iShares Russell 2500 ETF (BATS:SMMD) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $91.54 and last traded at $90.90, with a volume of 10088 shares changing hands. The stock had previously closed at $89.81.

iShares Russell 2500 ETF Price Performance

The company has a market cap of $1.96 billion, a PE ratio of 19.95 and a beta of 1.09. The company’s 50 day simple moving average is $86.67 and its two-hundred day simple moving average is $81.23.

Hedge Funds Weigh In On iShares Russell 2500 ETF

Several large investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in iShares Russell 2500 ETF by 12.0% in the 1st quarter. Royal Bank of Canada now owns 58,273 shares of the company’s stock valued at $3,644,000 after purchasing an additional 6,223 shares during the last quarter. Jane Street Group LLC lifted its stake in iShares Russell 2500 ETF by 1,288.2% during the first quarter. Jane Street Group LLC now owns 77,005 shares of the company’s stock worth $4,816,000 after purchasing an additional 71,458 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of iShares Russell 2500 ETF during the second quarter worth $82,000. Baird Financial Group Inc. boosted its position in shares of iShares Russell 2500 ETF by 2.5% during the second quarter. Baird Financial Group Inc. now owns 46,169 shares of the company’s stock worth $3,129,000 after buying an additional 1,115 shares during the period. Finally, NewEdge Advisors LLC grew its stake in shares of iShares Russell 2500 ETF by 299.7% in the second quarter. NewEdge Advisors LLC now owns 6,304 shares of the company’s stock valued at $427,000 after buying an additional 4,727 shares in the last quarter.

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.