iShares Russell 2500 ETF (BATS:SMMD) Sets New 52-Week High – Time to Buy?

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

iShares Russell 2500 ETF Price Performance

The company has a market cap of $1.87 billion, a price-to-earnings ratio of 19.95 and a beta of 1.09. The firm’s 50 day simple moving average is $79.93 and its 200-day simple moving average is $77.87.

Hedge Funds Weigh In On iShares Russell 2500 ETF

Several large investors have recently bought and sold shares of SMMD. Fifth Third Bancorp boosted its stake in shares of iShares Russell 2500 ETF by 485.3% during the first quarter. Fifth Third Bancorp now owns 3,058,941 shares of the company’s stock worth $233,550,000 after buying an additional 2,536,353 shares during the period. Glenmede Investment Management LP boosted its stake in shares of 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 worth $251,026,000 after buying an additional 473,942 shares during the period. Gerber Kawasaki Wealth & Investment Management boosted its stake in shares of iShares Russell 2500 ETF by 283.1% during the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 443,973 shares of the company’s stock worth $32,734,000 after buying an additional 328,098 shares during the period. Blair William & Co. IL boosted its stake in shares of iShares Russell 2500 ETF by 156.7% during the fourth quarter. Blair William & Co. IL now owns 479,957 shares of the company’s stock worth $35,968,000 after buying an additional 292,966 shares during the period. Finally, Focus Partners Wealth boosted its stake in shares of iShares Russell 2500 ETF by 53.0% during the fourth quarter. Focus Partners Wealth now owns 757,995 shares of the company’s stock worth $56,804,000 after buying an additional 262,684 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.