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

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDVGet Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $77.78 and last traded at $77.76, with a volume of 61786 shares changing hands. The stock had previously closed at $77.03.

ProShares Russell 2000 Dividend Growers ETF Stock Down 0.3%

The firm has a market capitalization of $773.18 million, a price-to-earnings ratio of 16.56 and a beta of 0.84. The stock has a 50-day moving average price of $73.40 and a 200 day moving average price of $71.25.

Institutional Inflows and Outflows

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

ProShares Russell 2000 Dividend Growers ETF Company Profile

(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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