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

iShares Russell 2500 ETF (BATS:SMMD)’s stock price reached a new 52-week high on Monday . The company traded as high as $85.55 and last traded at $85.34, with a volume of 184693 shares. The stock had previously closed at $85.07.

iShares Russell 2500 ETF Stock Performance

The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 19.95 and a beta of 1.09. The business has a 50-day simple moving average of $79.60 and a two-hundred day simple moving average of $77.61.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SMMD. CIBC Private Wealth Group LLC boosted its stake in shares of iShares Russell 2500 ETF by 14.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,090 shares of the company’s stock worth $80,000 after buying an additional 140 shares during the last quarter. Equitable Holdings Inc. increased its position in shares of iShares Russell 2500 ETF by 5.1% in the third quarter. Equitable Holdings Inc. now owns 3,754 shares of the company’s stock valued at $277,000 after acquiring an additional 183 shares during the last quarter. Cornerstone Planning Group LLC increased its position in shares of iShares Russell 2500 ETF by 15.5% in the third quarter. Cornerstone Planning Group LLC now owns 1,397 shares of the company’s stock valued at $103,000 after acquiring an additional 187 shares during the last quarter. Perigon Wealth Management LLC raised its holdings in iShares Russell 2500 ETF by 3.0% during the fourth quarter. Perigon Wealth Management LLC now owns 7,483 shares of the company’s stock worth $561,000 after acquiring an additional 218 shares in the last quarter. Finally, 1620 Investment Advisors Inc. raised its holdings in iShares Russell 2500 ETF by 5.3% during the fourth quarter. 1620 Investment Advisors Inc. now owns 4,722 shares of the company’s stock worth $354,000 after acquiring an additional 237 shares in the last quarter.

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.