iShares Russell 2500 ETF (BATS:SMMD) Shares Cross Below 50-Day Moving Average – Time to Sell?

iShares Russell 2500 ETF (BATS:SMMD) crossed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $86.76 and traded as low as $85.88. iShares Russell 2500 ETF shares last traded at $86.64, with a volume of 366,891 shares traded.

iShares Russell 2500 ETF Stock Down 0.2%

The company’s 50 day simple moving average is $86.76 and its 200-day simple moving average is $85.65. The firm has a market cap of $4.19 billion, a P/E ratio of 17.09 and a beta of 1.10.

Hedge Funds Weigh In On iShares Russell 2500 ETF

A number of large investors have recently bought and sold shares of the business. Kovack Advisors Inc. bought a new stake in shares of iShares Russell 2500 ETF during the third quarter worth $880,000. Steward Partners Investment Advisory LLC bought a new position in iShares Russell 2500 ETF in the 3rd quarter worth about $1,915,000. PAX Financial Group LLC bought a new position in iShares Russell 2500 ETF in the 3rd quarter worth about $648,000. Essex Financial Services Inc. bought a new position in iShares Russell 2500 ETF in the 3rd quarter worth about $217,000. Finally, State Street Corp purchased a new position in shares of iShares Russell 2500 ETF during the third quarter worth approximately $243,000.

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.