ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Hits New 1-Year High – Still a Buy?

Shares of ProShares Russell 2000 Dividend Growers ETF (BATS:SMDVGet Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $69.97 and last traded at $68.90, with a volume of 20256 shares changing hands. The stock had previously closed at $69.90.

ProShares Russell 2000 Dividend Growers ETF Trading Down 1.4 %

The company’s fifty day moving average is $68.35 and its 200 day moving average is $65.25. The company has a market cap of $840.58 million, a P/E ratio of 15.39 and a beta of 0.96.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SMDV. J.W. Cole Advisors Inc. raised its holdings in ProShares Russell 2000 Dividend Growers ETF by 8.9% in the 1st quarter. J.W. Cole Advisors Inc. now owns 3,623 shares of the company’s stock valued at $232,000 after buying an additional 297 shares during the period. Heritage Wealth Management Inc. purchased a new stake in ProShares Russell 2000 Dividend Growers ETF in the 2nd quarter valued at about $294,000. B. Riley Wealth Advisors Inc. raised its holdings in ProShares Russell 2000 Dividend Growers ETF by 3.1% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 7,839 shares of the company’s stock valued at $510,000 after buying an additional 233 shares during the period. Creekside Partners purchased a new stake in ProShares Russell 2000 Dividend Growers ETF in the 2nd quarter valued at about $301,000. Finally, PNC Financial Services Group Inc. purchased a new stake in ProShares Russell 2000 Dividend Growers ETF in the 4th quarter valued at about $41,000.

ProShares Russell 2000 Dividend Growers ETF Company Profile

(Get Free Report)

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.

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