iShares Russell 2500 ETF (BATS:SMMD) Reaches New 12-Month High – What’s Next?

iShares Russell 2500 ETF (BATS:SMMD) hit a new 52-week high on Monday . The company traded as high as $85.55 and last traded at $85.34, with a volume of 184693 shares. The stock had previously closed at $85.07.

iShares Russell 2500 ETF Stock Performance

The company has a fifty day moving average of $79.60 and a two-hundred day moving average of $77.61. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 19.95 and a beta of 1.09.

Institutional Investors Weigh In On iShares Russell 2500 ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Catalyst Financial Partners LLC raised its stake in iShares Russell 2500 ETF by 7.9% in the 3rd quarter. Catalyst Financial Partners LLC now owns 95,148 shares of the company’s stock worth $7,015,000 after purchasing an additional 6,965 shares in the last quarter. Glenmede Investment Management LP boosted its holdings in iShares Russell 2500 ETF by 16.2% in the 3rd quarter. Glenmede Investment Management LP now owns 3,404,659 shares of the company’s stock valued at $251,026,000 after purchasing an additional 473,942 shares during the period. Truist Financial Corp grew its position in shares of iShares Russell 2500 ETF by 7.1% during the 3rd quarter. Truist Financial Corp now owns 198,614 shares of the company’s stock worth $14,644,000 after purchasing an additional 13,120 shares in the last quarter. Rossby Financial LCC increased its holdings in shares of iShares Russell 2500 ETF by 9.0% during the third quarter. Rossby Financial LCC now owns 100,464 shares of the company’s stock worth $7,425,000 after purchasing an additional 8,266 shares during the period. Finally, Guidance Capital Inc. bought a new position in shares of iShares Russell 2500 ETF during the fourth quarter worth approximately $978,000.

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.