iShares Russell 2500 ETF (BATS:SMMD) Sets New 12-Month High – Here’s Why

iShares Russell 2500 ETF (BATS:SMMD) reached a new 52-week high on Thursday . The company traded as high as $69.87 and last traded at $69.66, with a volume of 104990 shares. The stock had previously closed at $68.30.

iShares Russell 2500 ETF Stock Up 2.5 %

The business’s 50 day simple moving average is $70.57 and its two-hundred day simple moving average is $67.72. The stock has a market cap of $1.19 billion, a P/E ratio of 15.31 and a beta of 1.15.

Institutional Investors Weigh In On iShares Russell 2500 ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of SMMD. Fort Washington Investment Advisors Inc. OH increased its position in iShares Russell 2500 ETF by 45.7% in 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 during the period. Kestra Investment Management LLC bought a new stake in shares of iShares Russell 2500 ETF in the second quarter worth $18,279,000. FMR LLC increased its holdings in iShares Russell 2500 ETF by 41.5% in the third quarter. FMR LLC now owns 717,116 shares of the company’s stock valued at $48,570,000 after purchasing an additional 210,399 shares during the period. CWA Asset Management Group LLC bought a new position in iShares Russell 2500 ETF during the 3rd quarter worth $8,891,000. Finally, Glenmede Trust Co. NA raised its position in iShares Russell 2500 ETF by 43.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 331,389 shares of the company’s stock worth $22,445,000 after purchasing an additional 100,503 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.