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

by · The Cerbat Gem

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $68.73 and last traded at $69.22, with a volume of 15661 shares traded. The stock had previously closed at $68.67.

ProShares Russell 2000 Dividend Growers ETF Price Performance

The stock has a market capitalization of $844.56 million, a P/E ratio of 15.39 and a beta of 0.96. The stock’s fifty day moving average is $67.92 and its 200-day moving average is $65.01.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SMDV. Key Financial Inc lifted its position in ProShares Russell 2000 Dividend Growers ETF by 342.7% during the 2nd quarter. Key Financial Inc now owns 549 shares of the company’s stock worth $34,000 after acquiring an additional 425 shares during the last quarter. PNC Financial Services Group Inc. acquired a new position in ProShares Russell 2000 Dividend Growers ETF during the 4th quarter worth $41,000. Anson Capital Inc. acquired a new position in ProShares Russell 2000 Dividend Growers ETF during the 1st quarter worth $201,000. J.W. Cole Advisors Inc. lifted its position in ProShares Russell 2000 Dividend Growers ETF by 8.9% during the 1st quarter. J.W. Cole Advisors Inc. now owns 3,623 shares of the company’s stock worth $232,000 after acquiring an additional 297 shares during the last quarter. Finally, Heritage Wealth Management Inc. acquired a new position in ProShares Russell 2000 Dividend Growers ETF during the 2nd quarter worth $294,000.

About ProShares Russell 2000 Dividend Growers ETF

(Get Free Report)

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.

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