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

iShares Russell 2500 ETF (BATS:SMMD) shares hit a new 52-week high on Monday . The stock traded as high as $87.44 and last traded at $87.28, with a volume of 25592 shares. The stock had previously closed at $86.74.

iShares Russell 2500 ETF Price Performance

The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 19.95 and a beta of 1.09. The stock’s 50-day moving average is $79.93 and its 200 day moving average is $77.87.

Institutional Investors Weigh In On iShares Russell 2500 ETF

A number of hedge funds have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its position in iShares Russell 2500 ETF by 14.7% in the third quarter. CIBC Private Wealth Group LLC now owns 1,090 shares of the company’s stock valued at $80,000 after purchasing an additional 140 shares during the period. Little House Capital LLC increased its holdings in shares of iShares Russell 2500 ETF by 2.4% in the 1st quarter. Little House Capital LLC now owns 6,251 shares of the company’s stock valued at $477,000 after purchasing an additional 145 shares in the last quarter. Equitable Holdings Inc. increased its holdings in shares of iShares Russell 2500 ETF by 5.1% in the 3rd quarter. Equitable Holdings Inc. now owns 3,754 shares of the company’s stock valued at $277,000 after purchasing an additional 183 shares in the last quarter. Cornerstone Planning Group LLC increased its holdings in shares of iShares Russell 2500 ETF by 15.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 1,397 shares of the company’s stock valued at $103,000 after purchasing an additional 187 shares in the last quarter. Finally, Angeles Wealth Management LLC increased its holdings in shares of iShares Russell 2500 ETF by 150.3% in the 1st quarter. Angeles Wealth Management LLC now owns 358 shares of the company’s stock valued at $27,000 after purchasing an additional 215 shares in the last quarter.

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.