iShares Russell 2500 ETF (BATS:SMMD) Reaches New 1-Year High – Here’s What Happened

iShares Russell 2500 ETF (BATS:SMMD) shares reached a new 52-week high on Wednesday . The company traded as high as $69.87 and last traded at $71.21, with a volume of 104990 shares. The stock had previously closed at $68.30.

iShares Russell 2500 ETF Trading Up 4.1 %

The company’s fifty day simple moving average is $70.48 and its 200-day simple moving average is $67.93. The stock has a market cap of $1.21 billion, a P/E ratio of 15.31 and a beta of 1.15.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Andina Capital Management LLC raised its holdings in shares of iShares Russell 2500 ETF by 1.0% in the 3rd quarter. Andina Capital Management LLC now owns 16,383 shares of the company’s stock worth $1,110,000 after buying an additional 168 shares in the last quarter. Mayfair Advisory Group LLC boosted its stake in shares of iShares Russell 2500 ETF by 4.1% in the 3rd quarter. Mayfair Advisory Group LLC now owns 4,939 shares of the company’s stock valued at $333,000 after purchasing an additional 195 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of iShares Russell 2500 ETF by 5.2% in the 3rd quarter. D.A. Davidson & CO. now owns 4,553 shares of the company’s stock worth $308,000 after purchasing an additional 225 shares during the last quarter. O Connor Financial Group LLC increased its position in shares of iShares Russell 2500 ETF by 6.7% during the 4th quarter. O Connor Financial Group LLC now owns 3,705 shares of the company’s stock worth $252,000 after purchasing an additional 233 shares in the last quarter. Finally, Ulland Investment Advisors LLC lifted its holdings in iShares Russell 2500 ETF by 0.9% during the 4th quarter. Ulland Investment Advisors LLC now owns 26,795 shares of the company’s stock valued at $1,822,000 after purchasing an additional 245 shares during 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.