iShares Russell 2500 ETF (BATS:SMMD) Hits New 1-Year High – What’s Next?

Shares of iShares Russell 2500 ETF (BATS:SMMD) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $69.87 and last traded at $67.01, with a volume of 104990 shares trading hands. The stock had previously closed at $68.30.

iShares Russell 2500 ETF Trading Down 4.5 %

The company’s 50-day moving average is $69.05 and its 200 day moving average is $68.89. The firm has a market cap of $1.34 billion, a PE ratio of 18.41 and a beta of 1.17.

Institutional Trading of iShares Russell 2500 ETF

Hedge funds have recently modified their holdings of the business. Coldstream Capital Management Inc. raised its position in iShares Russell 2500 ETF by 54.2% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,587,780 shares of the company’s stock valued at $107,969,000 after buying an additional 558,372 shares during the period. Fort Washington Investment Advisors Inc. OH grew its stake in iShares Russell 2500 ETF by 45.7% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,363,980 shares of the company’s stock valued at $92,751,000 after acquiring an additional 427,780 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of iShares Russell 2500 ETF by 48.8% in the 4th quarter. Bank of America Corp DE now owns 688,304 shares of the company’s stock valued at $46,805,000 after purchasing an additional 225,718 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of iShares Russell 2500 ETF by 41.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 765,409 shares of the company’s stock worth $52,048,000 after purchasing an additional 223,880 shares in the last quarter. Finally, Kestra Investment Management LLC lifted its position in shares of iShares Russell 2500 ETF by 66.5% in the fourth quarter. Kestra Investment Management LLC now owns 549,769 shares of the company’s stock worth $37,384,000 after purchasing an additional 219,514 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.