ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Reaches New 52-Week High – Here’s Why

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $74.15 and last traded at $73.9840, with a volume of 3240 shares. The stock had previously closed at $73.30.

ProShares Russell 2000 Dividend Growers ETF Stock Performance

The firm has a market cap of $736.48 million, a P/E ratio of 16.56 and a beta of 0.84. The firm’s fifty day moving average price is $69.08 and its 200 day moving average price is $67.37.

Institutional Trading of ProShares Russell 2000 Dividend Growers ETF

Several hedge funds and other institutional investors have recently bought and sold shares of SMDV. UBS Group AG increased its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 9.0% in the 3rd quarter. UBS Group AG now owns 412,095 shares of the company’s stock valued at $27,462,000 after acquiring an additional 34,111 shares during the period. Bank of America Corp DE boosted its position in ProShares Russell 2000 Dividend Growers ETF by 0.5% during the third quarter. Bank of America Corp DE now owns 281,410 shares of the company’s stock valued at $18,753,000 after purchasing an additional 1,454 shares in the last quarter. Toth Financial Advisory Corp boosted its position in ProShares Russell 2000 Dividend Growers ETF by 0.6% during the third quarter. Toth Financial Advisory Corp now owns 192,530 shares of the company’s stock valued at $12,830,000 after purchasing an additional 1,056 shares in the last quarter. Baird Financial Group Inc. grew its stake in ProShares Russell 2000 Dividend Growers ETF by 0.3% in the second quarter. Baird Financial Group Inc. now owns 125,218 shares of the company’s stock valued at $8,147,000 after purchasing an additional 422 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in ProShares Russell 2000 Dividend Growers ETF by 0.6% in the third quarter. Commonwealth Equity Services LLC now owns 94,670 shares of the company’s stock valued at $6,309,000 after purchasing an additional 553 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.