ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Sets New 52-Week High – Here’s Why

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $74.45 and last traded at $74.45, with a volume of 8697 shares traded. The stock had previously closed at $73.70.

ProShares Russell 2000 Dividend Growers ETF Stock Up 0.7%

The firm has a market capitalization of $744.97 million, a price-to-earnings ratio of 16.56 and a beta of 0.84. The stock’s fifty day moving average is $71.86 and its two-hundred day moving average is $70.21.

Institutional Investors Weigh In On ProShares Russell 2000 Dividend Growers ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. UBS Group AG boosted its position in shares of ProShares Russell 2000 Dividend Growers ETF by 9.0% in the third quarter. UBS Group AG now owns 412,095 shares of the company’s stock valued at $27,462,000 after acquiring an additional 34,111 shares during the period. Ameriprise Financial Inc. grew its position in shares of ProShares Russell 2000 Dividend Growers ETF by 72.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 44,356 shares of the company’s stock worth $2,886,000 after purchasing an additional 18,690 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 248.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 23,622 shares of the company’s stock worth $1,600,000 after purchasing an additional 16,851 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 100.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 23,045 shares of the company’s stock worth $1,523,000 after purchasing an additional 11,570 shares during the period. Finally, Fifth Third Bancorp acquired a new stake in ProShares Russell 2000 Dividend Growers ETF during the first quarter worth approximately $682,000.

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.