ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Sets New 12-Month High – Time to Buy?

Shares of ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) reached a new 52-week high on Monday . The company traded as high as $68.28 and last traded at $68.82, with a volume of 20521 shares trading hands. The stock had previously closed at $66.71.

ProShares Russell 2000 Dividend Growers ETF Price Performance

The business has a 50 day moving average of $69.21 and a 200 day moving average of $69.41. The firm has a market capitalization of $851.13 million, a price-to-earnings ratio of 15.39 and a beta of 0.96.

ProShares Russell 2000 Dividend Growers ETF Dividend Announcement

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

Hedge Funds Weigh In On ProShares Russell 2000 Dividend Growers ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. New England Private Wealth Advisors LLC lifted its holdings in ProShares Russell 2000 Dividend Growers ETF by 0.6% during the fourth quarter. New England Private Wealth Advisors LLC now owns 30,024 shares of the company’s stock worth $2,032,000 after acquiring an additional 182 shares in the last quarter. Trueblood Wealth Management LLC raised its position in shares of ProShares Russell 2000 Dividend Growers ETF by 1.3% during the fourth 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. MWA Asset Management lifted its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 3.5% during the 4th quarter. MWA Asset Management now owns 5,741 shares of the company’s stock valued at $388,000 after purchasing an additional 195 shares in the last quarter. Atlas Brown Inc. grew its position 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 purchasing an additional 236 shares during the period. Finally, United Asset Strategies Inc. increased its stake in ProShares Russell 2000 Dividend Growers ETF by 1.5% during the 4th quarter. United Asset Strategies Inc. now owns 17,217 shares of the company’s stock worth $1,165,000 after purchasing an additional 261 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.