ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Reaches New 12-Month High – What’s Next?

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) shares reached a new 52-week high during trading on Monday . The company traded as high as $73.14 and last traded at $72.67, with a volume of 23253 shares changing hands. The stock had previously closed at $72.91.

ProShares Russell 2000 Dividend Growers ETF Stock Down 0.3 %

The firm’s 50-day moving average is $71.63 and its 200-day moving average is $68.03. The company has a market capitalization of $886.57 million, a PE ratio of 15.39 and a beta of 0.96.

Institutional Investors Weigh In On ProShares Russell 2000 Dividend Growers ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of SMDV. Key Financial Inc raised its position in ProShares Russell 2000 Dividend Growers ETF by 342.7% in the second quarter. Key Financial Inc now owns 549 shares of the company’s stock worth $34,000 after acquiring an additional 425 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 11.4% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,912 shares of the company’s stock worth $202,000 after acquiring an additional 298 shares during the last quarter. Anson Capital Inc. lifted its holdings in ProShares Russell 2000 Dividend Growers ETF by 8.3% during the 2nd quarter. Anson Capital Inc. now owns 3,394 shares of the company’s stock valued at $211,000 after buying an additional 259 shares in the last quarter. Palisade Asset Management LLC bought a new stake in shares of ProShares Russell 2000 Dividend Growers ETF in the 3rd quarter valued at about $215,000. Finally, CWC Advisors LLC. purchased a new position in shares of ProShares Russell 2000 Dividend Growers ETF in the 3rd quarter worth approximately $225,000.

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.