iShares Russell 2500 ETF (BATS:SMMD) Hits New 1-Year High – What’s Next?

iShares Russell 2500 ETF (BATS:SMMD)’s share price hit a new 52-week high on Monday . The company traded as high as $69.32 and last traded at $68.36, with a volume of 82248 shares trading hands. The stock had previously closed at $69.32.

iShares Russell 2500 ETF Price Performance

The business’s 50-day simple moving average is $66.48 and its two-hundred day simple moving average is $64.44. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 15.31 and a beta of 1.15.

Hedge Funds Weigh In On iShares Russell 2500 ETF

Large investors have recently modified their holdings of the business. Fort Washington Investment Advisors Inc. OH bought a new position in shares of iShares Russell 2500 ETF during the second quarter valued at $30,424,000. Fifth Third Bancorp raised its stake in iShares Russell 2500 ETF by 4.0% during the second quarter. Fifth Third Bancorp now owns 563,524 shares of the company’s stock worth $35,277,000 after buying an additional 21,891 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in iShares Russell 2500 ETF by 1,718.2% during the second quarter. Brown Brothers Harriman & Co. now owns 7,491 shares of the company’s stock worth $469,000 after buying an additional 7,079 shares during the last quarter. Whittier Trust Co. raised its stake in iShares Russell 2500 ETF by 17.8% during the first quarter. Whittier Trust Co. now owns 7,633 shares of the company’s stock worth $501,000 after buying an additional 1,154 shares during the last quarter. Finally, Johnson Investment Counsel Inc. raised its stake in iShares Russell 2500 ETF by 6.6% during the second quarter. Johnson Investment Counsel Inc. now owns 21,424 shares of the company’s stock worth $1,341,000 after buying an additional 1,331 shares during 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.