ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Reaches New 12-Month High – Should You Buy?

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) reached a new 52-week high during trading on Monday . The company traded as high as $68.28 and last traded at $68.67, with a volume of 20521 shares traded. The stock had previously closed at $66.71.

ProShares Russell 2000 Dividend Growers ETF Price Performance

The firm’s 50-day moving average price is $68.45 and its 200 day moving average price is $69.46. The firm has a market cap of $839.07 million, a P/E ratio of 15.39 and a beta of 0.96.

ProShares Russell 2000 Dividend Growers ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.5398 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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 the company. JPMorgan Chase & Co. lifted its stake in ProShares Russell 2000 Dividend Growers ETF by 58.9% during the third quarter. JPMorgan Chase & Co. now owns 29,024 shares of the company’s stock valued at $2,010,000 after buying an additional 10,760 shares in the last quarter. Raymond James & Associates grew its holdings in ProShares Russell 2000 Dividend Growers ETF by 7.3% during the third quarter. Raymond James & Associates now owns 47,027 shares of the company’s stock valued at $3,257,000 after purchasing an additional 3,198 shares during the last quarter. L.M. Kohn & Company raised its holdings in ProShares Russell 2000 Dividend Growers ETF by 5.8% in the 3rd quarter. L.M. Kohn & Company now owns 8,533 shares of the company’s stock worth $591,000 after acquiring an additional 466 shares during the period. Creative Financial Designs Inc. ADV increased its position in ProShares Russell 2000 Dividend Growers ETF by 11.4% in the 3rd 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 period. Finally, Palisade Asset Management LLC acquired a new stake in ProShares Russell 2000 Dividend Growers ETF in the 3rd quarter worth $215,000.

ProShares Russell 2000 Dividend Growers ETF Company Profile

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.