ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL) Trading 0.8% Higher – Should You Buy?

ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL)’s share price traded up 0.8% during mid-day trading on Thursday . The stock traded as high as $92.39 and last traded at $92.32. 31,102 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 57,282 shares. The stock had previously closed at $91.62.

ProShares S&P MidCap 400 Dividend Aristocrats ETF Stock Performance

The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 16.11 and a beta of 0.80. The company’s 50 day moving average is $89.46 and its 200 day moving average is $88.83.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC lifted its stake in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF by 2.4% in the first quarter. Janney Montgomery Scott LLC now owns 66,477 shares of the company’s stock valued at $5,744,000 after buying an additional 1,581 shares during the period. Virtu Financial LLC acquired a new position in ProShares S&P MidCap 400 Dividend Aristocrats ETF in the 4th quarter valued at approximately $556,000. Garton & Associates Financial Advisors LLC acquired a new position in ProShares S&P MidCap 400 Dividend Aristocrats ETF in the 4th quarter valued at approximately $50,000. Hollencrest Capital Management raised its holdings in ProShares S&P MidCap 400 Dividend Aristocrats ETF by 0.7% in the 4th quarter. Hollencrest Capital Management now owns 17,609 shares of the company’s stock valued at $1,483,000 after acquiring an additional 125 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF in the 3rd quarter worth approximately $117,000.

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.