ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Sets New 1-Year High – Here’s Why

Shares of ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $68.28 and last traded at $67.58, with a volume of 20521 shares traded. The stock had previously closed at $66.71.

ProShares Russell 2000 Dividend Growers ETF Stock Up 1.8 %

The stock has a 50-day simple moving average of $71.12 and a 200 day simple moving average of $68.95. The company has a market cap of $828.88 million, a PE ratio of 15.39 and a beta of 0.96.

ProShares Russell 2000 Dividend Growers ETF Announces Dividend

The business also recently disclosed 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 Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Trueblood Wealth Management LLC boosted its position in shares of ProShares Russell 2000 Dividend Growers ETF by 1.3% during the 4th quarter. Trueblood Wealth Management LLC now owns 15,481 shares of the company’s stock worth $1,048,000 after purchasing an additional 192 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in shares of ProShares Russell 2000 Dividend Growers ETF by 2.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 11,776 shares of the company’s stock worth $797,000 after buying an additional 321 shares during the period. Atlas Brown Inc. raised its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 4.0% in the 4th quarter. Atlas Brown Inc. now owns 6,108 shares of the company’s stock valued at $413,000 after buying an additional 236 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 58.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 29,024 shares of the company’s stock valued at $2,010,000 after buying an additional 10,760 shares during the period. Finally, World Investment Advisors LLC lifted its stake in ProShares Russell 2000 Dividend Growers ETF by 12.5% during the 3rd quarter. World Investment Advisors LLC now owns 7,951 shares of the company’s stock worth $551,000 after acquiring an additional 886 shares in 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.