iShares Russell 2500 ETF (BATS:SMMD) Shares Break Below Two Hundred Day Moving Average – Here’s What Happened

iShares Russell 2500 ETF (BATS:SMMD) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $85.45 and traded as low as $84.31. iShares Russell 2500 ETF shares last traded at $84.68, with a volume of 490,039 shares.

iShares Russell 2500 ETF Trading Up 0.5%

The company has a market cap of $1.83 billion, a PE ratio of 19.95 and a beta of 1.09. The business has a fifty day moving average of $87.04 and a 200-day moving average of $85.47.

Institutional Investors Weigh In On iShares Russell 2500 ETF

A number of large investors have recently made changes to their positions in SMMD. Angeles Wealth Management LLC raised its holdings 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 valued at $27,000 after acquiring an additional 215 shares in the last quarter. Compass Financial Management LLC bought a new stake in iShares Russell 2500 ETF in the second quarter valued at $84,000. Assetmark Inc. boosted its holdings in iShares Russell 2500 ETF by 3,988.9% in the first quarter. Assetmark Inc. now owns 736 shares of the company’s stock valued at $56,000 after acquiring an additional 718 shares in the last quarter. Ascentis Independent Advisors bought a new stake in iShares Russell 2500 ETF in the first quarter valued at $58,000. Finally, MWA Asset Management purchased a new position in iShares Russell 2500 ETF during the 1st quarter valued at $67,000.

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.