iShares Russell 2500 ETF (BATS:SMMD) Reaches New 1-Year High – Still a Buy?

iShares Russell 2500 ETF (BATS:SMMD)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $69.32 and last traded at $68.36, with a volume of 82248 shares. The stock had previously closed at $69.32.

iShares Russell 2500 ETF Stock Performance

The business has a fifty day simple moving average of $66.48 and a 200 day simple moving average of $64.44. The company has a market cap of $1.16 billion, a P/E ratio of 15.31 and a beta of 1.15.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SMMD. Eagle Bay Advisors LLC lifted its holdings in iShares Russell 2500 ETF by 45.8% during the 1st quarter. Eagle Bay Advisors LLC now owns 573 shares of the company’s stock worth $38,000 after buying an additional 180 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of iShares Russell 2500 ETF during the 2nd quarter worth approximately $47,000. EverSource Wealth Advisors LLC acquired a new stake in shares of iShares Russell 2500 ETF during the 1st quarter worth approximately $105,000. 1620 Investment Advisors Inc. acquired a new stake in shares of iShares Russell 2500 ETF during the 2nd quarter worth approximately $146,000. Finally, Carmichael Hill & Associates Inc. raised its position in shares of iShares Russell 2500 ETF by 8.1% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 2,369 shares of the company’s stock worth $148,000 after purchasing an additional 178 shares during the period.

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.