iShares Russell 2500 ETF (BATS:SMMD) Sets New 12-Month High – Here’s What Happened

iShares Russell 2500 ETF (BATS:SMMD) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $69.87 and last traded at $68.71, with a volume of 104990 shares changing hands. The stock had previously closed at $68.30.

iShares Russell 2500 ETF Stock Up 1.8 %

The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 15.31 and a beta of 1.15. The business’s 50-day moving average is $70.43 and its 200-day moving average is $68.26.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Eagle Bay Advisors LLC acquired a new position in shares of iShares Russell 2500 ETF in the fourth quarter worth about $30,000. ORG Partners LLC increased its stake in shares of iShares Russell 2500 ETF by 39.3% during the fourth quarter. ORG Partners LLC now owns 1,050 shares of the company’s stock worth $71,000 after purchasing an additional 296 shares in the last quarter. Cornerstone Planning Group LLC purchased a new stake in shares of iShares Russell 2500 ETF during the fourth quarter worth about $85,000. IHT Wealth Management LLC purchased a new stake in shares of iShares Russell 2500 ETF during the third quarter worth about $200,000. Finally, First Heartland Consultants Inc. purchased a new stake in shares of iShares Russell 2500 ETF during the third quarter worth about $201,000.

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.