iShares Russell 2500 ETF (BATS:SMMD) Hits New 1-Year High – Still a Buy?

iShares Russell 2500 ETF (BATS:SMMD) reached a new 52-week high during trading on Monday . The company traded as high as $69.87 and last traded at $67.38, with a volume of 104990 shares changing hands. The stock had previously closed at $68.30.

iShares Russell 2500 ETF Trading Down 1.6 %

The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 18.41 and a beta of 1.17. The company’s 50 day moving average is $69.46 and its 200 day moving average is $68.76.

Institutional Trading of iShares Russell 2500 ETF

A number of large investors have recently bought and sold shares of SMMD. Andina Capital Management LLC increased its holdings in shares of iShares Russell 2500 ETF by 1.0% in the third quarter. Andina Capital Management LLC now owns 16,383 shares of the company’s stock valued at $1,110,000 after purchasing an additional 168 shares during the period. D.A. Davidson & CO. lifted its position in iShares Russell 2500 ETF by 5.2% in the third quarter. D.A. Davidson & CO. now owns 4,553 shares of the company’s stock valued at $308,000 after purchasing an additional 225 shares during the period. O Connor Financial Group LLC increased its position in iShares Russell 2500 ETF by 6.7% during the 4th quarter. O Connor Financial Group LLC now owns 3,705 shares of the company’s stock worth $252,000 after purchasing an additional 233 shares during the period. Ulland Investment Advisors LLC raised its stake in shares of iShares Russell 2500 ETF by 0.9% during the 4th quarter. Ulland Investment Advisors LLC now owns 26,795 shares of the company’s stock worth $1,822,000 after buying an additional 245 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in shares of iShares Russell 2500 ETF by 1.2% in the 4th quarter. Corient Private Wealth LLC now owns 23,711 shares of the company’s stock valued at $1,612,000 after buying an additional 275 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.