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

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $78.33 and last traded at $78.30, with a volume of 20630 shares trading hands. The stock had previously closed at $76.87.

ProShares Russell 2000 Dividend Growers ETF Price Performance

The stock has a fifty day moving average of $74.30 and a 200 day moving average of $71.90. The stock has a market cap of $785.23 million, a price-to-earnings ratio of 16.56 and a beta of 0.84.

Institutional Trading of ProShares Russell 2000 Dividend Growers ETF

Hedge funds have recently modified their holdings of the stock. Sound Income Strategies LLC purchased a new stake in ProShares Russell 2000 Dividend Growers ETF in the 4th quarter worth approximately $28,000. Cornerstone Planning Group LLC acquired a new stake in ProShares Russell 2000 Dividend Growers ETF in the 4th quarter worth about $37,000. Advisory Services Network LLC acquired a new stake in shares of ProShares Russell 2000 Dividend Growers ETF in the third quarter worth approximately $37,000. Franklin Resources Inc. acquired a new stake in ProShares Russell 2000 Dividend Growers ETF during the 2nd quarter worth $48,000. Finally, Kestra Advisory Services LLC acquired a new position in ProShares Russell 2000 Dividend Growers ETF during the fourth quarter worth about $186,000.

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.