ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Reaches New 12-Month High – Still a Buy?

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) shares reached a new 52-week high on Wednesday . The stock traded as high as $74.43 and last traded at $73.82, with a volume of 24180 shares traded. The stock had previously closed at $73.94.

ProShares Russell 2000 Dividend Growers ETF Trading Down 0.2%

The company has a market cap of $741.15 million, a price-to-earnings ratio of 16.56 and a beta of 0.84. The firm’s fifty day moving average price is $69.64 and its 200-day moving average price is $67.62.

Hedge Funds Weigh In On ProShares Russell 2000 Dividend Growers ETF

Several institutional investors have recently modified their holdings of the business. UBS Group AG grew its position 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 purchasing an additional 34,111 shares during the period. New England Private Wealth Advisors LLC acquired a new stake in ProShares Russell 2000 Dividend Growers ETF during the 2nd quarter worth approximately $1,964,000. Ameriprise Financial Inc. lifted its stake in ProShares Russell 2000 Dividend Growers ETF by 72.8% in the second quarter. Ameriprise Financial Inc. now owns 44,356 shares of the company’s stock valued at $2,886,000 after buying an additional 18,690 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 33.1% in the second quarter. Envestnet Asset Management Inc. now owns 72,998 shares of the company’s stock valued at $4,749,000 after buying an additional 18,136 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 248.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 23,622 shares of the company’s stock valued at $1,600,000 after buying an additional 16,851 shares during the period.

About ProShares Russell 2000 Dividend Growers ETF

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.