iShares Russell 2500 ETF (BATS:SMMD) Shares Cross Below 50-Day Moving Average – Time to Sell?

iShares Russell 2500 ETF (BATS:SMMD)’s stock price passed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $86.76 and traded as low as $85.88. iShares Russell 2500 ETF shares last traded at $86.64, with a volume of 366,891 shares.

iShares Russell 2500 ETF Stock Performance

The firm has a fifty day simple moving average of $86.76 and a 200 day simple moving average of $85.65. The company has a market capitalization of $4.19 billion, a PE ratio of 17.09 and a beta of 1.10.

Hedge Funds Weigh In On iShares Russell 2500 ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. M Holdings Securities Inc. purchased a new position in shares of iShares Russell 2500 ETF in the 2nd quarter valued at $2,200,000. Align Financial LLC purchased a new stake in shares of iShares Russell 2500 ETF during the 3rd quarter worth $590,000. Keeler Thomas Management LLC bought a new stake in iShares Russell 2500 ETF during the third quarter valued at about $594,000. SigFig Wealth Management LLC bought a new stake in iShares Russell 2500 ETF during the third quarter valued at about $17,032,000. Finally, QP Wealth Management LLC purchased a new position in iShares Russell 2500 ETF in the third quarter valued at about $2,893,000.

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.