iShares Russell 2500 ETF (BATS:SMMD) Reaches New 52-Week High – Here’s What Happened

iShares Russell 2500 ETF (BATS:SMMD)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $92.77 and last traded at $92.51, with a volume of 34152 shares changing hands. The stock had previously closed at $92.11.

iShares Russell 2500 ETF Price Performance

The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 19.95 and a beta of 1.09. The stock has a 50-day moving average of $89.85 and a 200 day moving average of $84.30.

Institutional Investors Weigh In On iShares Russell 2500 ETF

Several institutional investors have recently modified their holdings of SMMD. CIBC Private Wealth Group LLC grew its holdings in iShares Russell 2500 ETF by 14.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,090 shares of the company’s stock worth $80,000 after acquiring an additional 140 shares during the period. Little House Capital LLC boosted its position in shares of iShares Russell 2500 ETF by 2.4% in the 1st quarter. Little House Capital LLC now owns 6,251 shares of the company’s stock worth $477,000 after purchasing an additional 145 shares during the last quarter. Equitable Holdings Inc. boosted its position in shares of iShares Russell 2500 ETF by 5.1% in the 3rd quarter. Equitable Holdings Inc. now owns 3,754 shares of the company’s stock worth $277,000 after purchasing an additional 183 shares during the last quarter. Angeles Wealth Management LLC grew its stake in shares of iShares Russell 2500 ETF by 150.3% during the first quarter. Angeles Wealth Management LLC now owns 358 shares of the company’s stock worth $27,000 after purchasing an additional 215 shares during the period. Finally, Sanctuary Advisors LLC grew its stake in shares of iShares Russell 2500 ETF by 2.8% during the first quarter. Sanctuary Advisors LLC now owns 7,962 shares of the company’s stock worth $608,000 after purchasing an additional 216 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.