ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Sets New 1-Year High – Here’s Why

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $73.14 and last traded at $72.67, with a volume of 23253 shares changing hands. The stock had previously closed at $72.91.

ProShares Russell 2000 Dividend Growers ETF Price Performance

The stock has a 50-day moving average price of $71.63 and a 200 day moving average price of $68.03. The firm has a market cap of $886.57 million, a PE ratio of 15.39 and a beta of 0.96.

Institutional Investors Weigh In On ProShares Russell 2000 Dividend Growers ETF

A number of institutional investors have recently added to or reduced their stakes in SMDV. Arkadios Wealth Advisors acquired a new position in shares of ProShares Russell 2000 Dividend Growers ETF in the second quarter worth about $861,000. Key Financial Inc lifted its position in ProShares Russell 2000 Dividend Growers ETF by 342.7% in the second quarter. Key Financial Inc now owns 549 shares of the company’s stock worth $34,000 after purchasing an additional 425 shares during the period. Essex Financial Services Inc. lifted its position in ProShares Russell 2000 Dividend Growers ETF by 13.3% in the second quarter. Essex Financial Services Inc. now owns 31,452 shares of the company’s stock worth $1,971,000 after purchasing an additional 3,700 shares during the period. United Asset Strategies Inc. lifted its position in shares of ProShares Russell 2000 Dividend Growers ETF by 35.9% during the 2nd quarter. United Asset Strategies Inc. now owns 16,986 shares of the company’s stock valued at $1,055,000 after acquiring an additional 4,486 shares during the last quarter. Finally, PFG Investments LLC lifted its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 30.7% in the second quarter. PFG Investments LLC now owns 22,855 shares of the company’s stock valued at $1,420,000 after purchasing an additional 5,365 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.