ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Sets New 12-Month High – Still a Buy?

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) reached a new 52-week high during trading on Monday . The company traded as high as $76.83 and last traded at $75.94, with a volume of 56979 shares. The stock had previously closed at $74.97.

ProShares Russell 2000 Dividend Growers ETF Stock Up 1.2 %

The firm has a fifty day moving average price of $70.03 and a two-hundred day moving average price of $66.98. The stock has a market capitalization of $925.74 million, a P/E ratio of 15.39 and a beta of 0.96.

Institutional Trading of ProShares Russell 2000 Dividend Growers ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. ForthRight Wealth Management LLC increased its position in shares of ProShares Russell 2000 Dividend Growers ETF by 0.3% during the second quarter. ForthRight Wealth Management LLC now owns 67,162 shares of the company’s stock valued at $4,172,000 after acquiring an additional 197 shares in the last quarter. Anson Capital Inc. increased its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 8.3% in the 2nd quarter. Anson Capital Inc. now owns 3,394 shares of the company’s stock worth $211,000 after purchasing an additional 259 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 11.4% in the third quarter. Creative Financial Designs Inc. ADV now owns 2,912 shares of the company’s stock worth $202,000 after purchasing an additional 298 shares during the last quarter. Key Financial Inc boosted its position in shares of ProShares Russell 2000 Dividend Growers ETF by 342.7% during the second quarter. Key Financial Inc now owns 549 shares of the company’s stock valued at $34,000 after buying an additional 425 shares during the last quarter. Finally, L.M. Kohn & Company increased its holdings in ProShares Russell 2000 Dividend Growers ETF by 5.8% in the 3rd quarter. L.M. Kohn & Company now owns 8,533 shares of the company’s stock worth $591,000 after buying an additional 466 shares in the last quarter.

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.