ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Reaches New 1-Year High – Should You Buy?

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $68.28 and last traded at $69.10, with a volume of 20521 shares changing hands. The stock had previously closed at $66.71.

ProShares Russell 2000 Dividend Growers ETF Stock Up 0.9 %

The company has a market cap of $701.96 million, a price-to-earnings ratio of 18.08 and a beta of 0.85. The stock’s 50-day simple moving average is $68.23 and its 200 day simple moving average is $69.58.

ProShares Russell 2000 Dividend Growers ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.5398 per share. The ex-dividend date was Monday, December 23rd.

Institutional Trading of ProShares Russell 2000 Dividend Growers ETF

Several institutional investors have recently added to or reduced their stakes in SMDV. United Advisor Group LLC boosted its position in shares of ProShares Russell 2000 Dividend Growers ETF by 16.7% during the third quarter. United Advisor Group LLC now owns 41,232 shares of the company’s stock worth $2,856,000 after buying an additional 5,906 shares during the period. Nations Financial Group Inc. IA ADV raised its position in ProShares Russell 2000 Dividend Growers ETF by 6.2% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 14,197 shares of the company’s stock valued at $983,000 after purchasing an additional 829 shares in the last quarter. MWA Asset Management increased its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 48.1% during the third quarter. MWA Asset Management now owns 5,546 shares of the company’s stock worth $384,000 after buying an additional 1,800 shares during the period. Palisade Asset Management LLC purchased a new stake in shares of ProShares Russell 2000 Dividend Growers ETF during the third quarter worth approximately $215,000. Finally, L.M. Kohn & Company raised its holdings in ProShares Russell 2000 Dividend Growers ETF by 5.8% in the third quarter. L.M. Kohn & Company now owns 8,533 shares of the company’s stock valued at $591,000 after acquiring an additional 466 shares in the last quarter.

About ProShares Russell 2000 Dividend Growers ETF

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.