iShares Russell 2500 ETF (BATS:SMMD) Reaches New 12-Month High – Still a Buy?

iShares Russell 2500 ETF (BATS:SMMD)’s stock price reached a new 52-week high on Monday . The stock traded as high as $68.21 and last traded at $68.58, with a volume of 57780 shares. The stock had previously closed at $68.21.

iShares Russell 2500 ETF Stock Performance

The company has a market cap of $1.18 billion, a price-to-earnings ratio of 15.31 and a beta of 1.15. The firm has a fifty day moving average price of $66.08 and a 200 day moving average price of $64.33.

Hedge Funds Weigh In On iShares Russell 2500 ETF

Large investors have recently bought and sold shares of the company. Eagle Bay Advisors LLC increased its stake in shares of iShares Russell 2500 ETF by 45.8% in the first quarter. Eagle Bay Advisors LLC now owns 573 shares of the company’s stock valued at $38,000 after buying an additional 180 shares during the period. ORG Partners LLC acquired a new position in iShares Russell 2500 ETF in the 2nd quarter valued at approximately $47,000. EverSource Wealth Advisors LLC bought a new position in shares of iShares Russell 2500 ETF during the first quarter valued at $105,000. 1620 Investment Advisors Inc. acquired a new position in shares of iShares Russell 2500 ETF during the second quarter worth $146,000. Finally, Carmichael Hill & Associates Inc. lifted its holdings in shares of iShares Russell 2500 ETF by 8.1% during the second quarter. Carmichael Hill & Associates Inc. now owns 2,369 shares of the company’s stock worth $148,000 after purchasing an additional 178 shares during the period.

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.