ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Stock Price Up 2.7% – Time to Buy?

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)’s share price were up 2.7% during trading on Monday . The company traded as high as $65.6650 and last traded at $67.03. 28,122 shares traded hands during trading, a decline of 19% from the average daily volume of 34,734 shares. The stock had previously closed at $65.26.

ProShares Russell 2000 Dividend Growers ETF Stock Performance

The company has a market capitalization of $672.98 million, a PE ratio of 16.56 and a beta of 0.84. The stock’s fifty day simple moving average is $66.58 and its 200-day simple moving average is $66.50.

Institutional Trading of ProShares Russell 2000 Dividend Growers ETF

A number of hedge funds have recently bought and sold shares of SMDV. Comerica Bank raised its holdings in ProShares Russell 2000 Dividend Growers ETF by 3.3% in the 1st quarter. Comerica Bank now owns 9,721 shares of the company’s stock valued at $638,000 after acquiring an additional 315 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 0.4% during the first quarter. Royal Bank of Canada now owns 222,357 shares of the company’s stock worth $14,583,000 after purchasing an additional 949 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of ProShares Russell 2000 Dividend Growers ETF by 12.1% in the first quarter. Goldman Sachs Group Inc. now owns 22,259 shares of the company’s stock valued at $1,460,000 after purchasing an additional 2,399 shares during the period. Integrity Alliance LLC. acquired a new position in ProShares Russell 2000 Dividend Growers ETF in the first quarter valued at $232,000. Finally, Howe & Rusling Inc. increased its stake in ProShares Russell 2000 Dividend Growers ETF by 12.8% in the first quarter. Howe & Rusling Inc. now owns 2,526 shares of the company’s stock valued at $166,000 after purchasing an additional 286 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.