ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Hits New 52-Week High at $62.30

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)’s share price reached a new 52-week high on Monday . The stock traded as high as $62.30 and last traded at $61.36, with a volume of 45608 shares traded. The stock had previously closed at $62.13.

ProShares Russell 2000 Dividend Growers ETF Trading Down 0.6 %

The firm has a market capitalization of $749.57 million, a P/E ratio of 15.39 and a beta of 0.96. The stock’s 50-day simple moving average is $62.67 and its 200-day simple moving average is $62.57.

Institutional Trading of ProShares Russell 2000 Dividend Growers ETF

A number of institutional investors and hedge funds have recently modified their holdings of SMDV. PNC Financial Services Group Inc. purchased a new stake in shares of ProShares Russell 2000 Dividend Growers ETF during the 4th quarter valued at $41,000. Anchor Investment Management LLC bought a new position in ProShares Russell 2000 Dividend Growers ETF during the fourth quarter valued at about $124,000. Palisade Asset Management LLC purchased a new stake in ProShares Russell 2000 Dividend Growers ETF during the fourth quarter worth about $202,000. Anson Capital Inc. bought a new stake in ProShares Russell 2000 Dividend Growers ETF in the first quarter worth about $201,000. Finally, J.W. Cole Advisors Inc. purchased a new position in ProShares Russell 2000 Dividend Growers ETF in the fourth quarter valued at about $216,000.

ProShares Russell 2000 Dividend Growers ETF Company Profile

The ProShares Russell 2000 Dividend Growers ETF (SMDV) is an exchange-traded fund that is based on the Russell 2000 Dividend Growth index. The fund tracks an index of US small-cap stocks with a 10-year record of increasing dividends. Stocks are equally weighted. SMDV was launched on Feb 5, 2015 and is managed by ProShares.