iShares Russell 2500 ETF (BATS:SMMD) Sets New 12-Month High – Here’s What Happened

iShares Russell 2500 ETF (BATS:SMMD) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $89.44 and last traded at $89.05, with a volume of 7510 shares traded. The stock had previously closed at $88.92.

iShares Russell 2500 ETF Trading Up 1.2%

The business’s fifty day moving average is $84.71 and its 200 day moving average is $80.27. The firm has a market capitalization of $1.93 billion, a P/E ratio of 19.95 and a beta of 1.09.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Catalyst Financial Partners LLC raised its position in shares of iShares Russell 2500 ETF by 7.9% during the third quarter. Catalyst Financial Partners LLC now owns 95,148 shares of the company’s stock worth $7,015,000 after purchasing an additional 6,965 shares during the period. Glenmede Investment Management LP boosted its position in shares of iShares Russell 2500 ETF by 16.2% in the 3rd quarter. Glenmede Investment Management LP now owns 3,404,659 shares of the company’s stock valued at $251,026,000 after purchasing an additional 473,942 shares during the period. WorthPointe LLC acquired a new position in shares of iShares Russell 2500 ETF in the 4th quarter valued at $1,226,000. Guidance Capital Inc. purchased a new position in iShares Russell 2500 ETF in the 4th quarter worth about $978,000. Finally, Rossby Financial LCC raised its holdings in iShares Russell 2500 ETF by 9.0% during the 3rd quarter. Rossby Financial LCC now owns 100,464 shares of the company’s stock worth $7,425,000 after buying an additional 8,266 shares during the period.

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.