ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Sets New 1-Year High – Time to Buy?

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $73.43 and last traded at $72.79, with a volume of 23463 shares trading hands. The stock had previously closed at $72.85.

ProShares Russell 2000 Dividend Growers ETF Price Performance

The company has a market cap of $888.04 million, a PE ratio of 15.39 and a beta of 0.96. The firm has a 50-day simple moving average of $69.40 and a two-hundred day simple moving average of $66.62.

Institutional Trading of ProShares Russell 2000 Dividend Growers ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SMDV. Key Financial Inc boosted its stake in shares of 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 purchasing an additional 425 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 11.4% during the third quarter. Creative Financial Designs Inc. ADV now owns 2,912 shares of the company’s stock valued at $202,000 after buying an additional 298 shares during the period. Anson Capital Inc. boosted its position in ProShares Russell 2000 Dividend Growers ETF by 8.3% during the second quarter. Anson Capital Inc. now owns 3,394 shares of the company’s stock worth $211,000 after acquiring an additional 259 shares during the last quarter. Palisade Asset Management LLC purchased a new stake in ProShares Russell 2000 Dividend Growers ETF in the 3rd quarter worth approximately $215,000. Finally, CWC Advisors LLC. purchased a new stake in ProShares Russell 2000 Dividend Growers ETF in the 3rd quarter worth approximately $225,000.

ProShares Russell 2000 Dividend Growers ETF Company Profile

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.