iShares Russell 2500 ETF (BATS:SMMD) Reaches New 1-Year High – Here’s What Happened

iShares Russell 2500 ETF (BATS:SMMD) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $69.87 and last traded at $70.15, with a volume of 104990 shares changing hands. The stock had previously closed at $68.30.

iShares Russell 2500 ETF Stock Performance

The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 15.31 and a beta of 1.15. The business’s 50 day moving average price is $69.59 and its two-hundred day moving average price is $68.62.

Institutional Investors Weigh In On iShares Russell 2500 ETF

Several large investors have recently modified their holdings of SMMD. Eagle Bay Advisors LLC acquired a new stake in shares of iShares Russell 2500 ETF during the fourth quarter valued at approximately $30,000. National Bank of Canada FI acquired a new stake in iShares Russell 2500 ETF during the 4th quarter valued at $32,000. Transcendent Capital Group LLC raised its position in iShares Russell 2500 ETF by 396.0% during the fourth quarter. Transcendent Capital Group LLC now owns 496 shares of the company’s stock valued at $34,000 after buying an additional 396 shares during the period. Private Trust Co. NA purchased a new position in iShares Russell 2500 ETF during the 4th quarter valued at about $34,000. Finally, ORG Partners LLC increased its holdings in shares of iShares Russell 2500 ETF by 39.3% in the 4th quarter. ORG Partners LLC now owns 1,050 shares of the company’s stock valued at $71,000 after purchasing an additional 296 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.