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

Shares of iShares Russell 2500 ETF (BATS:SMMDGet Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $91.92 and last traded at $91.12, with a volume of 7944 shares. The stock had previously closed at $91.63.

iShares Russell 2500 ETF Trading Up 0.1%

The company’s 50-day moving average price is $87.33 and its two-hundred day moving average price is $81.66. The company has a market cap of $1.97 billion, a P/E ratio of 19.95 and a beta of 1.09.

Institutional Trading of iShares Russell 2500 ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Glenmede Trust Co. NA raised its stake in iShares Russell 2500 ETF by 12.1% during the first quarter. Glenmede Trust Co. NA now owns 4,413,593 shares of the company’s stock valued at $336,978,000 after buying an additional 475,969 shares in the last quarter. Glenmede Investment Management LP increased its holdings in shares of 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 acquiring an additional 473,942 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of iShares Russell 2500 ETF by 485.3% in the 1st quarter. Fifth Third Bancorp now owns 3,058,941 shares of the company’s stock valued at $233,550,000 after acquiring an additional 2,536,353 shares during the last quarter. CENTRAL TRUST Co raised its position in shares of iShares Russell 2500 ETF by 27.1% during the 1st quarter. CENTRAL TRUST Co now owns 949,678 shares of the company’s stock valued at $72,508,000 after acquiring an additional 202,293 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of iShares Russell 2500 ETF by 12.2% during the 3rd quarter. Bank of America Corp DE now owns 916,251 shares of the company’s stock valued at $67,555,000 after acquiring an additional 99,752 shares in the last quarter.

About iShares Russell 2500 ETF

(Get Free Report)

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.

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