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

iShares Russell 2500 ETF (BATS:SMMD)’s stock price reached a new 52-week high on Monday . The company traded as high as $74.24 and last traded at $73.70, with a volume of 52958 shares. The stock had previously closed at $73.94.

iShares Russell 2500 ETF Stock Up 0.4 %

The stock’s 50 day moving average is $69.73 and its two-hundred day moving average is $66.27. The company has a market capitalization of $1.25 billion, a PE ratio of 15.31 and a beta of 1.15.

Institutional Trading of iShares Russell 2500 ETF

Hedge funds have recently added to or reduced their stakes in the business. Fort Washington Investment Advisors Inc. OH purchased a new stake in iShares Russell 2500 ETF in the second quarter worth about $30,424,000. Fifth Third Bancorp lifted its position in shares of iShares Russell 2500 ETF by 4.0% during the second quarter. Fifth Third Bancorp now owns 563,524 shares of the company’s stock valued at $35,277,000 after buying an additional 21,891 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of iShares Russell 2500 ETF by 1,718.2% during the second quarter. Brown Brothers Harriman & Co. now owns 7,491 shares of the company’s stock valued at $469,000 after buying an additional 7,079 shares during the last quarter. Johnson Investment Counsel Inc. lifted its position in shares of iShares Russell 2500 ETF by 6.6% during the second quarter. Johnson Investment Counsel Inc. now owns 21,424 shares of the company’s stock valued at $1,341,000 after buying an additional 1,331 shares during the last quarter. Finally, One Capital Management LLC lifted its position in shares of iShares Russell 2500 ETF by 10.7% during the second quarter. One Capital Management LLC now owns 7,203 shares of the company’s stock valued at $451,000 after buying an additional 696 shares during 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.