iShares Russell 2500 ETF (BATS:SMMD) Reaches New 52-Week High – Here’s Why

Shares of iShares Russell 2500 ETF (BATS:SMMD) reached a new 52-week high during trading on Tuesday . The stock traded as high as $69.87 and last traded at $70.23, with a volume of 104990 shares traded. The stock had previously closed at $68.30.

iShares Russell 2500 ETF Stock Up 2.7 %

The company’s fifty day moving average price is $70.51 and its two-hundred day moving average price is $68.18. The firm has a market cap of $1.19 billion, a PE ratio of 15.31 and a beta of 1.15.

Hedge Funds Weigh In On iShares Russell 2500 ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC acquired a new stake in shares of iShares Russell 2500 ETF in the 4th quarter valued at approximately $30,000. ORG Partners LLC lifted its holdings in iShares Russell 2500 ETF by 39.3% in the fourth quarter. ORG Partners LLC now owns 1,050 shares of the company’s stock valued at $71,000 after acquiring an additional 296 shares during the period. Cornerstone Planning Group LLC purchased a new stake in shares of iShares Russell 2500 ETF during the 4th quarter worth $85,000. IHT Wealth Management LLC acquired a new position in shares of iShares Russell 2500 ETF during the 3rd quarter worth $200,000. Finally, First Heartland Consultants Inc. purchased a new position in shares of iShares Russell 2500 ETF in the 3rd quarter valued at about $201,000.

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.