ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Reaches New 1-Year High – Still a Buy?

Shares of ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) hit a new 52-week high during trading on Monday . The stock traded as high as $68.28 and last traded at $68.82, with a volume of 20521 shares. The stock had previously closed at $66.71.

ProShares Russell 2000 Dividend Growers ETF Stock Up 4.6 %

The stock has a fifty day moving average of $69.21 and a 200-day moving average of $69.41. The firm has a market capitalization of $851.13 million, a P/E ratio of 15.39 and a beta of 0.96.

ProShares Russell 2000 Dividend Growers ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.5398 per share. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Raymond James & Associates raised its position in shares of ProShares Russell 2000 Dividend Growers ETF by 7.3% during the third quarter. Raymond James & Associates now owns 47,027 shares of the company’s stock worth $3,257,000 after acquiring an additional 3,198 shares during the last quarter. WT Wealth Management raised its holdings in ProShares Russell 2000 Dividend Growers ETF by 21.7% during the 3rd quarter. WT Wealth Management now owns 12,796 shares of the company’s stock worth $894,000 after purchasing an additional 2,281 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in ProShares Russell 2000 Dividend Growers ETF by 6.1% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 11,455 shares of the company’s stock valued at $793,000 after purchasing an additional 656 shares during the period. Trueblood Wealth Management LLC boosted its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 9.6% in the 3rd quarter. Trueblood Wealth Management LLC now owns 15,289 shares of the company’s stock valued at $1,059,000 after purchasing an additional 1,341 shares during the last quarter. Finally, CWC Advisors LLC. acquired a new stake in shares of ProShares Russell 2000 Dividend Growers ETF during 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.