iShares Russell 2500 ETF (BATS:SMMD) Hits New 12-Month High – Time to Buy?

Shares of iShares Russell 2500 ETF (BATS:SMMD) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $74.66 and last traded at $74.08, with a volume of 172398 shares changing hands. The stock had previously closed at $73.02.

iShares Russell 2500 ETF Trading Down 0.1 %

The firm has a market cap of $1.25 billion, a PE ratio of 15.31 and a beta of 1.15. The firm has a 50 day moving average price of $69.13 and a 200-day moving average price of $65.95.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Sfmg LLC purchased a new stake in shares of iShares Russell 2500 ETF in the 3rd quarter valued at approximately $211,000. MidWestOne Financial Group Inc. purchased a new position in iShares Russell 2500 ETF in the third quarter valued at $1,418,000. IHT Wealth Management LLC acquired a new stake in iShares Russell 2500 ETF in the third quarter valued at $200,000. HighTower Advisors LLC raised its stake in iShares Russell 2500 ETF by 2.9% in the third quarter. HighTower Advisors LLC now owns 137,168 shares of the company’s stock valued at $9,291,000 after buying an additional 3,923 shares in the last quarter. Finally, Kestra Investment Management LLC lifted its holdings in iShares Russell 2500 ETF by 13.1% during the 3rd quarter. Kestra Investment Management LLC now owns 330,255 shares of the company’s stock worth $22,368,000 after buying an additional 38,253 shares during 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.