ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Reaches New 12-Month 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 stock traded as high as $75.30 and last traded at $74.54, with a volume of 33618 shares trading hands. The stock had previously closed at $74.89.

ProShares Russell 2000 Dividend Growers ETF Stock Performance

The firm has a market cap of $909.39 million, a P/E ratio of 15.39 and a beta of 0.96. The company’s 50 day moving average is $70.60 and its 200 day moving average is $67.34.

Hedge Funds Weigh In On ProShares Russell 2000 Dividend Growers ETF

Several large investors have recently modified their holdings of SMDV. Cetera Investment Advisers raised its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 9.8% during the first quarter. Cetera Investment Advisers now owns 98,779 shares of the company’s stock valued at $6,323,000 after acquiring an additional 8,785 shares during the last quarter. Cetera Advisors LLC bought a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the first quarter valued at $4,750,000. ForthRight Wealth Management LLC raised its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 0.3% during the second quarter. ForthRight Wealth Management LLC now owns 67,162 shares of the company’s stock valued at $4,172,000 after acquiring an additional 197 shares during the last quarter. Arkadios Wealth Advisors bought a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the second quarter valued at $861,000. Finally, Key Financial Inc raised its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 342.7% during the second quarter. Key Financial Inc now owns 549 shares of the company’s stock valued at $34,000 after acquiring an additional 425 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.