ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL) Shares Down 0.9% – Time to Sell?

ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL)’s share price traded down 0.9% on Friday . The company traded as low as $90.00 and last traded at $90.00. 34,508 shares changed hands during trading, a decline of 44% from the average session volume of 61,258 shares. The stock had previously closed at $90.79.

ProShares S&P MidCap 400 Dividend Aristocrats ETF Price Performance

The business has a 50-day moving average of $88.87 and a 200 day moving average of $86.98. The company has a market capitalization of $1.96 billion, a PE ratio of 16.11 and a beta of 0.80.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of REGL. Ameriprise Financial Inc. lifted its position in ProShares S&P MidCap 400 Dividend Aristocrats ETF by 3.8% during the third quarter. Ameriprise Financial Inc. now owns 206,803 shares of the company’s stock valued at $17,650,000 after purchasing an additional 7,509 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF by 10.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 70,237 shares of the company’s stock valued at $5,975,000 after buying an additional 6,685 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF by 2.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 66,477 shares of the company’s stock valued at $5,744,000 after buying an additional 1,581 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF by 21.9% in the 2nd quarter. NewEdge Advisors LLC now owns 46,099 shares of the company’s stock valued at $3,759,000 after acquiring an additional 8,277 shares during the last quarter. Finally, Hollencrest Capital Management lifted its holdings in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF by 0.7% in the 4th quarter. Hollencrest Capital Management now owns 17,609 shares of the company’s stock valued at $1,483,000 after acquiring an additional 125 shares during the last quarter.

About ProShares S&P MidCap 400 Dividend Aristocrats ETF

The ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) is an exchange-traded fund that is based on the S&P MidCap 400 Dividend Aristocrats index. The fund tracks an equal-weighted index of mid-cap companies that have increased their dividends for at least 15-consecutive years. REGL was launched on Feb 5, 2015 and is managed by ProShares.