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

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) shares hit a new 52-week high during trading on Monday . The stock traded as high as $73.43 and last traded at $72.79, with a volume of 23463 shares traded. The stock had previously closed at $72.85.

ProShares Russell 2000 Dividend Growers ETF Price Performance

The company has a market capitalization of $888.04 million, a price-to-earnings ratio of 15.39 and a beta of 0.96. The business’s 50-day moving average price is $69.40 and its two-hundred day moving average price is $66.62.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Key Financial Inc raised its position in shares of ProShares Russell 2000 Dividend Growers ETF by 342.7% in the 2nd quarter. Key Financial Inc now owns 549 shares of the company’s stock worth $34,000 after purchasing an additional 425 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in ProShares Russell 2000 Dividend Growers ETF by 11.4% in the third quarter. Creative Financial Designs Inc. ADV now owns 2,912 shares of the company’s stock worth $202,000 after buying an additional 298 shares during the last quarter. Palisade Asset Management LLC bought a new position in shares of ProShares Russell 2000 Dividend Growers ETF in the third quarter worth approximately $215,000. CWC Advisors LLC. bought a new position in shares of ProShares Russell 2000 Dividend Growers ETF in the third quarter worth approximately $225,000. Finally, Anson Capital Inc. grew its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 8.3% during the second quarter. Anson Capital Inc. now owns 3,394 shares of the company’s stock valued at $211,000 after buying an additional 259 shares during 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.