ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL) Reaches New 12-Month High – Should You Buy?

ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL) shares hit a new 52-week high during trading on Monday . The company traded as high as $85.05 and last traded at $84.72, with a volume of 74327 shares traded. The stock had previously closed at $84.33.

ProShares S&P MidCap 400 Dividend Aristocrats ETF Price Performance

The company has a 50-day simple moving average of $81.82 and a two-hundred day simple moving average of $78.48. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 17.56 and a beta of 0.84.

Institutional Investors Weigh In On ProShares S&P MidCap 400 Dividend Aristocrats ETF

Several hedge funds have recently bought and sold shares of the company. Beam Wealth Advisors Inc. bought a new stake in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF in the 2nd quarter valued at $763,000. Heritage Wealth Management Inc. acquired a new stake in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF during the second quarter worth about $459,000. United Advisor Group LLC raised its position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF by 16.8% during the third quarter. United Advisor Group LLC now owns 40,385 shares of the company’s stock worth $3,303,000 after purchasing an additional 5,798 shares during the period. Pathway Financial Advisers LLC bought a new position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF during the 1st quarter valued at about $455,000. Finally, Cutter & CO Brokerage Inc. acquired a new position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF in the 3rd quarter valued at approximately $220,000.

ProShares S&P MidCap 400 Dividend Aristocrats ETF Company Profile

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.