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

iShares Russell 2500 ETF (BATS:SMMD)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $69.87 and last traded at $70.23, with a volume of 104990 shares. The stock had previously closed at $68.30.

iShares Russell 2500 ETF Trading Up 2.8 %

The stock has a market cap of $1.19 billion, a PE ratio of 15.31 and a beta of 1.15. The company’s 50 day moving average is $70.51 and its 200-day moving average is $68.10.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Eagle Bay Advisors LLC acquired a new position in iShares Russell 2500 ETF during the 4th quarter worth $30,000. ORG Partners LLC grew its holdings in iShares Russell 2500 ETF by 39.3% during the 4th quarter. ORG Partners LLC now owns 1,050 shares of the company’s stock worth $71,000 after acquiring an additional 296 shares in the last quarter. First Heartland Consultants Inc. acquired a new position in iShares Russell 2500 ETF during the 3rd quarter worth $201,000. IHT Wealth Management LLC acquired a new position in iShares Russell 2500 ETF during the 3rd quarter worth $200,000. Finally, Sfmg LLC acquired a new position in iShares Russell 2500 ETF during the 3rd quarter worth $211,000.

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.