iShares Russell 2500 ETF (BATS:SMMD) Hits New 12-Month High – Should You Buy?

iShares Russell 2500 ETF (BATS:SMMD)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $69.87 and last traded at $71.21, with a volume of 104990 shares. The stock had previously closed at $68.30.

iShares Russell 2500 ETF Trading Up 4.1 %

The firm’s 50-day simple moving average is $70.48 and its two-hundred day simple moving average is $67.93. The stock has a market capitalization of $1.21 billion, a PE ratio of 15.31 and a beta of 1.15.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Andina Capital Management LLC boosted its position in iShares Russell 2500 ETF by 1.0% during the 3rd quarter. Andina Capital Management LLC now owns 16,383 shares of the company’s stock worth $1,110,000 after acquiring an additional 168 shares during the period. Mayfair Advisory Group LLC lifted its position in shares of iShares Russell 2500 ETF by 4.1% in the third quarter. Mayfair Advisory Group LLC now owns 4,939 shares of the company’s stock worth $333,000 after purchasing an additional 195 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in shares of iShares Russell 2500 ETF by 5.2% during the third quarter. D.A. Davidson & CO. now owns 4,553 shares of the company’s stock worth $308,000 after purchasing an additional 225 shares during the period. O Connor Financial Group LLC grew its position in iShares Russell 2500 ETF by 6.7% during the fourth quarter. O Connor Financial Group LLC now owns 3,705 shares of the company’s stock valued at $252,000 after purchasing an additional 233 shares in the last quarter. Finally, Ulland Investment Advisors LLC increased its stake in iShares Russell 2500 ETF by 0.9% in the 4th quarter. Ulland Investment Advisors LLC now owns 26,795 shares of the company’s stock valued at $1,822,000 after buying an additional 245 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.