iShares Russell 2500 ETF (BATS:SMMD) Sets New 52-Week High – Still a Buy?

iShares Russell 2500 ETF (BATS:SMMD)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $69.87 and last traded at $69.66, with a volume of 104990 shares changing hands. The stock had previously closed at $68.30.

iShares Russell 2500 ETF Stock Performance

The firm has a market capitalization of $1.19 billion, a P/E ratio of 15.31 and a beta of 1.15. The stock has a 50 day moving average of $70.57 and a 200-day moving average of $67.72.

Institutional Trading of iShares Russell 2500 ETF

Institutional investors have recently modified their holdings of the business. Blair William & Co. IL grew its stake in iShares Russell 2500 ETF by 309.1% in the 2nd quarter. Blair William & Co. IL now owns 43,120 shares of the company’s stock valued at $2,699,000 after buying an additional 32,580 shares in the last quarter. Susquehanna International Group LLP boosted its holdings in shares of iShares Russell 2500 ETF by 429.9% in the second quarter. Susquehanna International Group LLP now owns 57,850 shares of the company’s stock worth $3,621,000 after acquiring an additional 46,932 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of iShares Russell 2500 ETF by 272.0% in the second 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 in the last quarter. Cetera Investment Advisers raised its stake 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 period. Finally, Kestra Investment Management LLC purchased a new stake in iShares Russell 2500 ETF during the 2nd quarter worth about $18,279,000.

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.