ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Reaches New 12-Month High – Here’s Why

Shares of ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) reached a new 52-week high during trading on Monday . The company traded as high as $68.73 and last traded at $69.22, with a volume of 15661 shares trading hands. The stock had previously closed at $68.67.

ProShares Russell 2000 Dividend Growers ETF Trading Up 1.6 %

The stock’s fifty day moving average is $68.07 and its two-hundred day moving average is $65.12. The firm has a market cap of $862.30 million, a P/E ratio of 15.39 and a beta of 0.96.

Institutional Investors Weigh In On ProShares Russell 2000 Dividend Growers ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Advisors LLC purchased a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the first quarter worth about $4,750,000. Sanctuary Advisors LLC bought a new position in shares of ProShares Russell 2000 Dividend Growers ETF in the 2nd quarter worth $3,616,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of ProShares Russell 2000 Dividend Growers ETF during the 2nd quarter valued at $1,107,000. Arkadios Wealth Advisors bought a new stake in shares of ProShares Russell 2000 Dividend Growers ETF during the 2nd quarter worth $861,000. Finally, Truist Financial Corp grew its position in ProShares Russell 2000 Dividend Growers ETF by 20.1% in the second quarter. Truist Financial Corp now owns 80,910 shares of the company’s stock worth $5,027,000 after acquiring an additional 13,515 shares in the last quarter.

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.