ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Hits New 52-Week High – Time to Buy?

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $79.53 and last traded at $79.24, with a volume of 10810 shares changing hands. The stock had previously closed at $79.12.

ProShares Russell 2000 Dividend Growers ETF Stock Up 0.1%

The firm has a market cap of $790.95 million, a price-to-earnings ratio of 16.56 and a beta of 0.84. The company has a 50-day moving average price of $76.17 and a 200 day moving average price of $72.97.

Institutional Investors Weigh In On ProShares Russell 2000 Dividend Growers ETF

Hedge funds have recently bought and sold shares of the business. Howe & Rusling Inc. grew its holdings in ProShares Russell 2000 Dividend Growers ETF by 4.6% in the 4th quarter. Howe & Rusling Inc. now owns 3,185 shares of the company’s stock valued at $210,000 after buying an additional 141 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 2.9% during the fourth quarter. NewEdge Advisors LLC now owns 5,267 shares of the company’s stock worth $348,000 after buying an additional 146 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 4.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 3,745 shares of the company’s stock worth $248,000 after buying an additional 151 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of ProShares Russell 2000 Dividend Growers ETF by 2.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 8,135 shares of the company’s stock valued at $538,000 after acquiring an additional 162 shares during the period. Finally, Comerica Bank boosted its position in shares of ProShares Russell 2000 Dividend Growers ETF by 3.1% in the third quarter. Comerica Bank now owns 9,973 shares of the company’s stock valued at $665,000 after acquiring an additional 302 shares during the period.

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.