Shares of iShares Russell 2500 ETF (BATS:SMMD – Get Free Report) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $85.45 and traded as low as $84.31. iShares Russell 2500 ETF shares last traded at $84.68, with a volume of 490,039 shares trading hands.
iShares Russell 2500 ETF Stock Performance
The firm has a market capitalization of $1.82 billion, a P/E ratio of 19.95 and a beta of 1.09. The company has a 50-day moving average price of $87.17 and a 200-day moving average price of $85.45.
Hedge Funds Weigh In On iShares Russell 2500 ETF
Several hedge funds have recently added to or reduced their stakes in SMMD. Glenmede Trust Co. NA grew its position in shares of iShares Russell 2500 ETF by 12.1% during the 1st quarter. Glenmede Trust Co. NA now owns 4,413,593 shares of the company’s stock worth $336,978,000 after buying an additional 475,969 shares during the period. Fifth Third Bancorp increased its stake in shares of iShares Russell 2500 ETF by 5.9% in the 3rd quarter. Fifth Third Bancorp now owns 3,685,532 shares of the company’s stock valued at $315,187,000 after acquiring an additional 205,417 shares during the last quarter. CENTRAL TRUST Co bought a new stake in shares of iShares Russell 2500 ETF in the 3rd quarter valued at about $88,999,000. Gerber Kawasaki Wealth & Investment Management acquired a new stake in shares of iShares Russell 2500 ETF in the 3rd quarter valued at approximately $47,502,000. Finally, Diesslin Group Inc. raised its position in shares of iShares Russell 2500 ETF by 20.5% in the 2nd quarter. Diesslin Group Inc. now owns 351,000 shares of the company’s stock valued at $32,162,000 after acquiring an additional 59,807 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.
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