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

iShares Russell 2500 ETF (BATS:SMMD)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $69.87 and last traded at $70.07, with a volume of 104990 shares traded. The stock had previously closed at $68.30.

iShares Russell 2500 ETF Price Performance

The firm has a market cap of $1.19 billion, a P/E ratio of 15.31 and a beta of 1.15. The company has a fifty day moving average of $70.00 and a 200-day moving average of $68.45.

Institutional Trading of iShares Russell 2500 ETF

Several institutional investors have recently made changes to their positions in the company. FMR LLC boosted its holdings in iShares Russell 2500 ETF by 41.5% during the third quarter. FMR LLC now owns 717,116 shares of the company’s stock worth $48,570,000 after purchasing an additional 210,399 shares during the last quarter. SC&H Financial Advisors Inc. lifted its position in shares of iShares Russell 2500 ETF by 48.0% during the 3rd quarter. SC&H Financial Advisors Inc. now owns 4,834 shares of the company’s stock worth $327,000 after buying an additional 1,567 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of iShares Russell 2500 ETF by 2.9% during the 3rd quarter. HighTower Advisors LLC now owns 137,168 shares of the company’s stock worth $9,291,000 after buying an additional 3,923 shares in the last quarter. MidWestOne Financial Group Inc. purchased a new position in shares of iShares Russell 2500 ETF in the 3rd quarter worth approximately $1,418,000. Finally, HF Advisory Group LLC grew its holdings in shares of iShares Russell 2500 ETF by 2.5% in the third quarter. HF Advisory Group LLC now owns 17,351 shares of the company’s stock valued at $1,175,000 after acquiring an additional 421 shares in the last quarter.

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.