ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Hits New 52-Week High – Still a Buy?

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDVGet Free Report)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $75.77 and last traded at $75.61, with a volume of 8763 shares changing hands. The stock had previously closed at $75.22.

ProShares Russell 2000 Dividend Growers ETF Trading Up 1.2%

The business’s 50-day moving average price is $72.76 and its 200-day moving average price is $70.78. The stock has a market cap of $764.04 million, a PE ratio of 16.56 and a beta of 0.84.

Institutional Investors Weigh In On ProShares Russell 2000 Dividend Growers ETF

Several institutional investors have recently bought and sold shares of SMDV. Howe & Rusling Inc. grew its holdings in ProShares Russell 2000 Dividend Growers ETF by 4.6% in the fourth quarter. Howe & Rusling Inc. now owns 3,185 shares of the company’s stock worth $210,000 after purchasing an additional 141 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 2.9% during the 4th quarter. NewEdge Advisors LLC now owns 5,267 shares of the company’s stock valued at $348,000 after purchasing an additional 146 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 4.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,745 shares of the company’s stock valued at $248,000 after purchasing an additional 151 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of ProShares Russell 2000 Dividend Growers ETF by 2.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 8,135 shares of the company’s stock worth $538,000 after purchasing an additional 162 shares in the last quarter. Finally, DAVENPORT & Co LLC boosted its position in shares of ProShares Russell 2000 Dividend Growers ETF by 6.2% in the 4th quarter. DAVENPORT & Co LLC now owns 4,309 shares of the company’s stock worth $285,000 after purchasing an additional 250 shares in the last quarter.

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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