iShares Russell 2500 ETF (BATS:SMMD) Sets New 52-Week High – Here’s What Happened

iShares Russell 2500 ETF (BATS:SMMD) shares reached a new 52-week high during trading on Thursday . The company traded as high as $91.54 and last traded at $90.90, with a volume of 10088 shares changing hands. The stock had previously closed at $89.81.

iShares Russell 2500 ETF Stock Down 0.4%

The company has a market cap of $1.95 billion, a PE ratio of 19.95 and a beta of 1.09. The firm’s 50-day moving average is $87.02 and its 200-day moving average is $81.41.

Hedge Funds Weigh In On iShares Russell 2500 ETF

A number of hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC grew its stake in shares of iShares Russell 2500 ETF by 6.2% in the first quarter. NewEdge Advisors LLC now owns 6,816 shares of the company’s stock worth $520,000 after acquiring an additional 400 shares during the period. Glenmede Trust Co. NA boosted its position in shares of iShares Russell 2500 ETF by 12.1% in the first quarter. Glenmede Trust Co. NA now owns 4,413,593 shares of the company’s stock worth $336,978,000 after purchasing an additional 475,969 shares during the period. Quantinno Capital Management LP raised its holdings in iShares Russell 2500 ETF by 13.0% during the first quarter. Quantinno Capital Management LP now owns 24,155 shares of the company’s stock valued at $1,844,000 after acquiring an additional 2,774 shares during the period. Renaissance Technologies LLC bought a new position in iShares Russell 2500 ETF in the 1st quarter worth approximately $382,000. Finally, GC Wealth Management RIA LLC increased its holdings in iShares Russell 2500 ETF by 9.1% in the 1st quarter. GC Wealth Management RIA LLC now owns 10,832 shares of the company’s stock valued at $827,000 after acquiring an additional 904 shares during 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.