iShares Russell 2500 ETF (BATS:SMMD) Hits New 1-Year High – Time to Buy?

iShares Russell 2500 ETF (BATS:SMMD) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $91.54 and last traded at $90.90, with a volume of 10088 shares. The stock had previously closed at $89.81.

iShares Russell 2500 ETF Price Performance

The stock has a market cap of $1.96 billion, a PE ratio of 19.95 and a beta of 1.09. The stock’s fifty day moving average is $86.67 and its 200-day moving average is $81.23.

Institutional Trading of iShares Russell 2500 ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Angeles Wealth Management LLC grew its position in iShares Russell 2500 ETF by 150.3% in the first quarter. Angeles Wealth Management LLC now owns 358 shares of the company’s stock worth $27,000 after acquiring an additional 215 shares during the period. Global Retirement Partners LLC raised its position in iShares Russell 2500 ETF by 423.3% in the fourth quarter. Global Retirement Partners LLC now owns 382 shares of the company’s stock valued at $29,000 after purchasing an additional 309 shares during the period. Larson Financial Group LLC acquired a new position in shares of iShares Russell 2500 ETF in the 4th quarter valued at $30,000. PNC Financial Services Group Inc. lifted its stake in shares of iShares Russell 2500 ETF by 5,020.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 512 shares of the company’s stock valued at $38,000 after purchasing an additional 502 shares during the last quarter. Finally, SHP Wealth Management purchased a new position in shares of iShares Russell 2500 ETF during the 4th quarter worth $50,000.

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.