iShares Russell 2500 ETF (BATS:SMMD) Stock Price Up 0.6% – Still a Buy?

iShares Russell 2500 ETF (BATS:SMMD)’s stock price shot up 0.6% on Monday . The stock traded as high as $88.07 and last traded at $87.52. Approximately 348,090 shares traded hands during trading, an increase of 14% from the average session volume of 305,246 shares. The stock had previously closed at $86.97.

iShares Russell 2500 ETF Trading Up 0.6%

The company has a market cap of $1.88 billion, a price-to-earnings ratio of 19.95 and a beta of 1.09. The business has a 50-day moving average price of $90.29 and a 200 day moving average price of $86.40.

Institutional Trading of iShares Russell 2500 ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Angeles Wealth Management LLC boosted its stake in iShares Russell 2500 ETF by 150.3% during the 1st quarter. Angeles Wealth Management LLC now owns 358 shares of the company’s stock valued at $27,000 after purchasing an additional 215 shares during the period. Larson Financial Group LLC acquired a new position in shares of iShares Russell 2500 ETF during the fourth quarter worth approximately $30,000. SHP Wealth Management acquired a new position in shares of iShares Russell 2500 ETF during the fourth quarter worth approximately $50,000. Assetmark Inc. boosted its position in shares of iShares Russell 2500 ETF by 3,988.9% in the first quarter. Assetmark Inc. now owns 736 shares of the company’s stock valued at $56,000 after acquiring an additional 718 shares during the period. Finally, Ascentis Independent Advisors bought a new stake in shares of iShares Russell 2500 ETF in the first quarter valued at approximately $58,000.

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.