iShares Russell 2500 ETF (BATS:SMMD) Sets New 1-Year High – Here’s Why

iShares Russell 2500 ETF (BATS:SMMD)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $87.44 and last traded at $87.28, with a volume of 25592 shares traded. The stock had previously closed at $86.74.

iShares Russell 2500 ETF Stock Down 0.1%

The firm has a market capitalization of $1.85 billion, a P/E ratio of 19.95 and a beta of 1.09. The stock has a fifty day moving average of $80.36 and a 200-day moving average of $78.21.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SMMD. Catalyst Financial Partners LLC boosted its position in 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 valued at $7,015,000 after purchasing an additional 6,965 shares during the last quarter. Glenmede Investment Management LP boosted its position in iShares Russell 2500 ETF by 16.2% during the third 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 last quarter. Truist Financial Corp boosted its position in iShares Russell 2500 ETF by 7.1% during the third quarter. Truist Financial Corp now owns 198,614 shares of the company’s stock valued at $14,644,000 after purchasing an additional 13,120 shares during the last quarter. WorthPointe LLC acquired a new position in iShares Russell 2500 ETF during the fourth quarter valued at approximately $1,226,000. Finally, Guidance Capital Inc. acquired a new position in iShares Russell 2500 ETF during the fourth quarter valued at approximately $978,000.

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.