iShares Russell 2500 ETF (BATS:SMMD) Hits New 1-Year High – Still a Buy?

iShares Russell 2500 ETF (BATS:SMMD) shares reached a new 52-week high during trading on Monday . The stock traded as high as $74.66 and last traded at $74.08, with a volume of 172398 shares traded. The stock had previously closed at $73.02.

iShares Russell 2500 ETF Stock Down 0.1 %

The firm has a 50-day moving average price of $69.13 and a 200 day moving average price of $65.95. The firm has a market capitalization of $1.25 billion, a PE ratio of 15.31 and a beta of 1.15.

Hedge Funds Weigh In On iShares Russell 2500 ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of SMMD. Andina Capital Management LLC increased its stake in iShares Russell 2500 ETF by 1.0% during the third quarter. Andina Capital Management LLC now owns 16,383 shares of the company’s stock worth $1,110,000 after purchasing an additional 168 shares during the period. Carmichael Hill & Associates Inc. lifted its holdings in iShares Russell 2500 ETF by 8.1% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 2,369 shares of the company’s stock worth $148,000 after buying an additional 178 shares in the last quarter. Mayfair Advisory Group LLC boosted its position in iShares Russell 2500 ETF by 4.1% in the 3rd quarter. Mayfair Advisory Group LLC now owns 4,939 shares of the company’s stock valued at $333,000 after buying an additional 195 shares during the period. D.A. Davidson & CO. grew its stake in shares of iShares Russell 2500 ETF by 5.2% in the third quarter. D.A. Davidson & CO. now owns 4,553 shares of the company’s stock worth $308,000 after acquiring an additional 225 shares in the last quarter. Finally, Whittier Trust Co. increased its position in shares of iShares Russell 2500 ETF by 4.6% during the second quarter. Whittier Trust Co. now owns 7,984 shares of the company’s stock worth $500,000 after acquiring an additional 351 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.