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

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $68.28 and last traded at $69.39, with a volume of 20521 shares traded. The stock had previously closed at $66.71.

ProShares Russell 2000 Dividend Growers ETF Stock Up 4.8 %

The company’s 50-day moving average price is $68.85 and its 200-day moving average price is $69.37. The firm has a market cap of $852.98 million, a price-to-earnings ratio of 15.39 and a beta of 0.96.

ProShares Russell 2000 Dividend Growers ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.5398 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of ProShares Russell 2000 Dividend Growers ETF

Several hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its holdings in ProShares Russell 2000 Dividend Growers ETF by 1.1% in the fourth quarter. Wells Fargo & Company MN now owns 459,939 shares of the company’s stock valued at $31,124,000 after acquiring an additional 4,830 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in ProShares Russell 2000 Dividend Growers ETF in the fourth quarter valued at approximately $21,300,000. LPL Financial LLC raised its holdings in ProShares Russell 2000 Dividend Growers ETF by 7.6% in the fourth quarter. LPL Financial LLC now owns 260,795 shares of the company’s stock valued at $17,648,000 after acquiring an additional 18,411 shares in the last quarter. Toth Financial Advisory Corp raised its holdings in ProShares Russell 2000 Dividend Growers ETF by 1.9% in the fourth quarter. Toth Financial Advisory Corp now owns 192,528 shares of the company’s stock valued at $13,028,000 after acquiring an additional 3,664 shares in the last quarter. Finally, Baird Financial Group Inc. increased its stake in ProShares Russell 2000 Dividend Growers ETF by 2.9% in the fourth quarter. Baird Financial Group Inc. now owns 124,819 shares of the company’s stock valued at $8,447,000 after purchasing an additional 3,535 shares during the last quarter.

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.