iShares Russell 2500 ETF (BATS:SMMD) Reaches New 1-Year High at $63.59

iShares Russell 2500 ETF (BATS:SMMD) shares hit a new 52-week high during trading on Monday . The stock traded as high as $63.59 and last traded at $63.47, with a volume of 31467 shares changing hands. The stock had previously closed at $62.74.

iShares Russell 2500 ETF Price Performance

The firm has a fifty day simple moving average of $63.15 and a 200 day simple moving average of $60.00. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 14.69 and a beta of 1.16.

Hedge Funds Weigh In On iShares Russell 2500 ETF

Several hedge funds and other institutional investors have recently made changes to their positions in SMMD. Citigroup Inc. lifted its position in iShares Russell 2500 ETF by 11,262.5% during the third quarter. Citigroup Inc. now owns 909 shares of the company’s stock worth $50,000 after buying an additional 901 shares in the last quarter. IAG Wealth Partners LLC acquired a new stake in shares of iShares Russell 2500 ETF in the fourth quarter valued at $88,000. Parallel Advisors LLC grew its stake in shares of iShares Russell 2500 ETF by 810.7% in the fourth quarter. Parallel Advisors LLC now owns 2,213 shares of the company’s stock valued at $136,000 after buying an additional 1,970 shares in the last quarter. Tompkins Financial Corp acquired a new stake in shares of iShares Russell 2500 ETF in the fourth quarter valued at $151,000. Finally, Capital Analysts LLC acquired a new stake in shares of iShares Russell 2500 ETF in the fourth quarter valued at $151,000.

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.