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

iShares Russell 2500 ETF (BATS:SMMD)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $69.87 and last traded at $70.23, with a volume of 104990 shares changing hands. The stock had previously closed at $68.30.

iShares Russell 2500 ETF Stock Up 2.8 %

The company has a market capitalization of $1.19 billion, a PE ratio of 15.31 and a beta of 1.15. The stock’s fifty day simple moving average is $70.51 and its 200-day simple moving average is $68.10.

Institutional Trading of iShares Russell 2500 ETF

Several large investors have recently modified their holdings of SMMD. Susquehanna International Group LLP grew its position 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 valued at $3,621,000 after purchasing an additional 46,932 shares during the last quarter. 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 during the last quarter. Cetera Investment Advisers grew its position in shares of iShares Russell 2500 ETF by 6.4% in the second 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. Kestra Investment Management LLC acquired a new stake in shares of iShares Russell 2500 ETF in the second quarter valued at approximately $18,279,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of iShares Russell 2500 ETF in the second quarter valued at approximately $304,000.

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.