iShares Russell 2500 ETF (BATS:SMMD) Reaches New 12-Month High – Here’s Why

Posted by Thomas Dobrow on Nov 26th, 2024

iShares Russell 2500 ETF (BATS:SMMD – Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $74.66 and last traded at $74.08, with a volume of 172398 shares. The stock had previously closed at $73.02.

iShares Russell 2500 ETF Stock Up 1.4 %

The firm has a 50 day simple moving average of $68.71 and a two-hundred day simple moving average of $65.75. The stock has a market capitalization of $1.26 billion, a P/E ratio of 15.31 and a beta of 1.15.

Institutional Trading of iShares Russell 2500 ETF

Several institutional investors and hedge funds have recently modified their holdings of SMMD. Advisory Resource Group grew its position in iShares Russell 2500 ETF by 7.6% in the first quarter. Advisory Resource Group now owns 230,509 shares of the company’s stock valued at $15,124,000 after acquiring an additional 16,215 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new position in iShares Russell 2500 ETF during the 1st quarter worth approximately $105,000. CWM LLC increased its position in iShares Russell 2500 ETF by 8.8% during the 2nd quarter. CWM LLC now owns 12,540 shares of the company’s stock worth $785,000 after purchasing an additional 1,016 shares in the last quarter. Simplicity Wealth LLC lifted its stake in iShares Russell 2500 ETF by 18.8% in the 2nd quarter. Simplicity Wealth LLC now owns 24,637 shares of the company’s stock valued at $1,542,000 after purchasing an additional 3,903 shares during the last quarter. Finally, CX Institutional boosted its position in iShares Russell 2500 ETF by 2.7% in the second quarter. CX Institutional now owns 24,078 shares of the company’s stock valued at $1,507,000 after buying an additional 630 shares in the last quarter.

iShares Russell 2500 ETF Company Profile

(Get Free Report)

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.