iShares Russell 2500 ETF (BATS:SMMD) Hits New 12-Month High – Here’s What Happened

iShares Russell 2500 ETF (BATS:SMMD)’s share price reached a new 52-week high on Monday . The company traded as high as $84.83 and last traded at $84.78, with a volume of 243912 shares trading hands. The stock had previously closed at $84.32.

iShares Russell 2500 ETF Trading Up 0.6%

The stock’s 50-day moving average price is $78.99 and its two-hundred day moving average price is $76.97. The stock has a market capitalization of $1.82 billion, a P/E ratio of 19.95 and a beta of 1.09.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. CIBC Private Wealth Group LLC grew its position in shares of iShares Russell 2500 ETF by 14.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,090 shares of the company’s stock valued at $80,000 after acquiring an additional 140 shares during the period. Equitable Holdings Inc. grew its position in shares of iShares Russell 2500 ETF by 5.1% during the 3rd quarter. Equitable Holdings Inc. now owns 3,754 shares of the company’s stock valued at $277,000 after acquiring an additional 183 shares during the period. Cornerstone Planning Group LLC grew its position in shares of iShares Russell 2500 ETF by 15.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 1,397 shares of the company’s stock valued at $103,000 after acquiring an additional 187 shares during the period. Perigon Wealth Management LLC grew its position in shares of iShares Russell 2500 ETF by 3.0% during the 4th quarter. Perigon Wealth Management LLC now owns 7,483 shares of the company’s stock valued at $561,000 after acquiring an additional 218 shares during the period. Finally, 1620 Investment Advisors Inc. lifted its stake in shares of iShares Russell 2500 ETF by 5.3% during the 4th quarter. 1620 Investment Advisors Inc. now owns 4,722 shares of the company’s stock valued at $354,000 after buying an additional 237 shares in 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.