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

iShares Russell 2500 ETF (BATS:SMMD)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $92.18 and last traded at $92.12, with a volume of 224376 shares traded. The stock had previously closed at $90.60.

iShares Russell 2500 ETF Price Performance

The firm’s 50 day moving average is $89.50 and its 200 day moving average is $83.88. The company has a market cap of $1.98 billion, a PE ratio of 19.95 and a beta of 1.09.

Hedge Funds Weigh In On iShares Russell 2500 ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Glenmede Trust Co. NA increased its stake in iShares Russell 2500 ETF by 12.1% in the 1st quarter. Glenmede Trust Co. NA now owns 4,413,593 shares of the company’s stock worth $336,978,000 after acquiring an additional 475,969 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of iShares Russell 2500 ETF by 485.3% during the first quarter. Fifth Third Bancorp now owns 3,058,941 shares of the company’s stock worth $233,550,000 after purchasing an additional 2,536,353 shares in the last quarter. CENTRAL TRUST Co grew its holdings in shares of iShares Russell 2500 ETF by 27.1% during the first quarter. CENTRAL TRUST Co now owns 949,678 shares of the company’s stock worth $72,508,000 after purchasing an additional 202,293 shares in the last quarter. Bank of America Corp DE increased its position in shares of iShares Russell 2500 ETF by 12.2% in the third quarter. Bank of America Corp DE now owns 916,251 shares of the company’s stock worth $67,555,000 after purchasing an additional 99,752 shares during the last quarter. Finally, Focus Partners Wealth increased its position in shares of iShares Russell 2500 ETF by 53.0% in the fourth quarter. Focus Partners Wealth now owns 757,995 shares of the company’s stock worth $56,804,000 after purchasing an additional 262,684 shares during the last quarter.

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.