ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Hits New 52-Week High – Still a Buy?

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDVGet Free Report)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $75.77 and last traded at $75.61, with a volume of 8763 shares. The stock had previously closed at $75.22.

ProShares Russell 2000 Dividend Growers ETF Trading Up 1.2%

The firm has a market cap of $764.04 million, a PE ratio of 16.56 and a beta of 0.84. The stock has a 50 day simple moving average of $72.76 and a 200-day simple moving average of $70.78.

Hedge Funds Weigh In On ProShares Russell 2000 Dividend Growers ETF

A number of hedge funds have recently made changes to their positions in the business. UBS Group AG grew its position in shares of ProShares Russell 2000 Dividend Growers ETF by 9.0% during the third quarter. UBS Group AG now owns 412,095 shares of the company’s stock worth $27,462,000 after purchasing an additional 34,111 shares in the last quarter. Bank of America Corp DE lifted its holdings in ProShares Russell 2000 Dividend Growers ETF by 0.5% in the 3rd quarter. Bank of America Corp DE now owns 281,410 shares of the company’s stock worth $18,753,000 after purchasing an additional 1,454 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in ProShares Russell 2000 Dividend Growers ETF by 5.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 100,045 shares of the company’s stock worth $6,611,000 after purchasing an additional 5,375 shares in the last quarter. ForthRight Wealth Management LLC boosted its stake in ProShares Russell 2000 Dividend Growers ETF by 1.3% in the 4th quarter. ForthRight Wealth Management LLC now owns 87,530 shares of the company’s stock worth $5,784,000 after purchasing an additional 1,092 shares during the period. Finally, Sanctuary Advisors LLC boosted its stake in ProShares Russell 2000 Dividend Growers ETF by 2.7% in the 1st quarter. Sanctuary Advisors LLC now owns 59,116 shares of the company’s stock worth $4,067,000 after purchasing an additional 1,564 shares during the period.

About ProShares Russell 2000 Dividend Growers ETF

(Get Free Report)

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.

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