iShares Russell 2500 ETF (BATS:SMMD) Hits New 1-Year High – Here’s Why

iShares Russell 2500 ETF (BATS:SMMD) shares reached a new 52-week high on Tuesday . The company traded as high as $92.77 and last traded at $92.51, with a volume of 34152 shares. The stock had previously closed at $92.11.

iShares Russell 2500 ETF Stock Performance

The stock has a market capitalization of $1.99 billion, a P/E ratio of 19.95 and a beta of 1.09. The business has a 50 day simple moving average of $90.00 and a 200-day simple moving average of $84.46.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. WorthPointe LLC purchased a new position in iShares Russell 2500 ETF in the 4th quarter worth about $1,226,000. Guidance Capital Inc. purchased a new position in iShares Russell 2500 ETF during the 4th quarter worth approximately $978,000. CENTRAL TRUST Co raised its stake in iShares Russell 2500 ETF by 7.8% during the 4th quarter. CENTRAL TRUST Co now owns 747,385 shares of the company’s stock valued at $56,009,000 after purchasing an additional 54,284 shares during the period. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of iShares Russell 2500 ETF in the first quarter valued at $1,602,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of iShares Russell 2500 ETF by 1,034.1% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 6,510 shares of the company’s stock valued at $509,000 after purchasing an additional 5,936 shares in the last quarter.

iShares Russell 2500 ETF Company Profile

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.