iShares Russell 2500 ETF (BATS:SMMD) Sets New 1-Year High – What’s Next?

Shares of iShares Russell 2500 ETF (BATS:SMMD) hit a new 52-week high during trading on Tuesday . The company traded as high as $88.26 and last traded at $87.75, with a volume of 3324 shares. The stock had previously closed at $86.37.

iShares Russell 2500 ETF Stock Performance

The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 19.95 and a beta of 1.09. The business’s fifty day simple moving average is $81.56 and its 200 day simple moving average is $78.85.

Institutional Investors Weigh In On iShares Russell 2500 ETF

A number of institutional investors have recently modified their holdings of SMMD. Glenmede Investment Management LP raised its stake in shares of iShares Russell 2500 ETF by 16.2% in the 3rd 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 in the last quarter. Fifth Third Bancorp boosted its holdings in 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 in the last quarter. CENTRAL TRUST Co boosted its holdings in iShares Russell 2500 ETF by 27.1% during the first quarter. CENTRAL TRUST Co now owns 949,678 shares of the company’s stock worth $72,508,000 after buying an additional 202,293 shares in the last quarter. Bank of America Corp DE boosted its holdings in iShares Russell 2500 ETF by 12.2% during the third quarter. Bank of America Corp DE now owns 916,251 shares of the company’s stock worth $67,555,000 after buying an additional 99,752 shares in the last quarter. Finally, Focus Partners Wealth boosted its holdings in 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 in the last quarter.

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.