iShares Russell 2500 ETF (BATS:SMMD) Reaches New 52-Week High – Should You Buy?

Shares of iShares Russell 2500 ETF (BATS:SMMD) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $91.92 and last traded at $91.12, with a volume of 7944 shares trading hands. The stock had previously closed at $91.63.

iShares Russell 2500 ETF Trading Down 0.3%

The firm has a 50 day moving average price of $87.59 and a 200 day moving average price of $81.86. The stock has a market capitalization of $1.95 billion, a PE ratio of 19.95 and a beta of 1.09.

Institutional Trading of iShares Russell 2500 ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Glenmede Investment Management LP grew its stake in shares of iShares Russell 2500 ETF by 16.2% during 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 period. WorthPointe LLC purchased a new stake in iShares Russell 2500 ETF in the 4th quarter worth approximately $1,226,000. Guidance Capital Inc. bought a new stake in iShares Russell 2500 ETF during the 4th quarter worth approximately $978,000. HF Advisory Group LLC raised its stake in iShares Russell 2500 ETF by 66.1% during the 4th quarter. HF Advisory Group LLC now owns 32,054 shares of the company’s stock worth $2,402,000 after acquiring an additional 12,761 shares during the period. Finally, Thayer Financial L.L.C. purchased a new position in iShares Russell 2500 ETF during the fourth quarter valued at approximately $679,000.

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.