iShares Russell 2500 ETF (BATS:SMMD) Sets New 12-Month High – Here’s What Happened

Shares of iShares Russell 2500 ETF (BATS:SMMD) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $69.87 and last traded at $68.71, with a volume of 104990 shares trading hands. The stock had previously closed at $68.30.

iShares Russell 2500 ETF Stock Performance

The company has a market cap of $1.18 billion, a P/E ratio of 15.31 and a beta of 1.15. The firm’s fifty day moving average is $70.43 and its two-hundred day moving average is $68.26.

Institutional Investors Weigh In On iShares Russell 2500 ETF

A number of institutional investors have recently bought and sold shares of SMMD. Susquehanna International Group LLP boosted its holdings in shares of iShares Russell 2500 ETF by 429.9% during the 2nd quarter. Susquehanna International Group LLP now owns 57,850 shares of the company’s stock valued at $3,621,000 after purchasing an additional 46,932 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares Russell 2500 ETF by 272.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,092 shares of the company’s stock valued at $256,000 after purchasing an additional 2,992 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of iShares Russell 2500 ETF by 6.4% during the 2nd quarter. Cetera Investment Advisers now owns 18,318 shares of the company’s stock valued at $1,147,000 after purchasing an additional 1,106 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of iShares Russell 2500 ETF in the 2nd quarter valued at about $304,000. Finally, Strong Tower Advisory Services lifted its holdings in shares of iShares Russell 2500 ETF by 7.9% in the 3rd quarter. Strong Tower Advisory Services now owns 20,345 shares of the company’s stock valued at $1,378,000 after acquiring an additional 1,485 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.