iShares Russell 2500 ETF (BATS:SMMD) Stock Price Cross Below Two Hundred Day Moving Average – What’s Next?

iShares Russell 2500 ETF (BATS:SMMD) shares crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $85.45 and traded as low as $84.31. iShares Russell 2500 ETF shares last traded at $84.68, with a volume of 490,039 shares traded.

iShares Russell 2500 ETF Stock Performance

The company has a 50-day moving average of $87.17 and a 200 day moving average of $85.45. The firm has a market cap of $1.82 billion, a P/E ratio of 19.95 and a beta of 1.09.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SMMD. Angeles Wealth Management LLC grew its position in shares of iShares Russell 2500 ETF by 150.3% during the 1st quarter. Angeles Wealth Management LLC now owns 358 shares of the company’s stock worth $27,000 after buying an additional 215 shares during the period. Compass Financial Management LLC bought a new stake in shares of iShares Russell 2500 ETF during the second quarter worth approximately $84,000. Assetmark Inc. lifted its holdings in iShares Russell 2500 ETF by 3,988.9% in the first quarter. Assetmark Inc. now owns 736 shares of the company’s stock valued at $56,000 after buying an additional 718 shares during the period. Ascentis Independent Advisors acquired a new position in iShares Russell 2500 ETF in the first quarter valued at approximately $58,000. Finally, MWA Asset Management acquired a new position in iShares Russell 2500 ETF in the first quarter valued at approximately $67,000.

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.