ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Reaches New 52-Week High – Still a Buy?

Posted by Kyle Jackson on Jan 16th, 2025

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV – Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $68.28 and last traded at $67.58, with a volume of 20521 shares changing hands. The stock had previously closed at $66.71.

ProShares Russell 2000 Dividend Growers ETF Stock Up 1.8 %

The firm has a market cap of $828.88 million, a PE ratio of 15.39 and a beta of 0.96. The firm has a 50-day moving average price of $71.12 and a two-hundred day moving average price of $68.95.

ProShares Russell 2000 Dividend Growers ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.5398 per share. 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 hedge funds have recently modified their holdings of SMDV. Creative Financial Designs Inc. ADV raised its holdings 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 valued at $202,000 after acquiring an additional 298 shares during the last quarter. Palisade Asset Management LLC purchased a new position in ProShares Russell 2000 Dividend Growers ETF during the third quarter worth approximately $215,000. CWC Advisors LLC. purchased a new position in ProShares Russell 2000 Dividend Growers ETF during the third quarter worth approximately $225,000. Heritage Wealth Management Inc. purchased a new stake in ProShares Russell 2000 Dividend Growers ETF in the 2nd quarter valued at $294,000. Finally, Creekside Partners purchased a new stake in ProShares Russell 2000 Dividend Growers ETF in the 2nd quarter valued at $301,000.

About ProShares Russell 2000 Dividend Growers ETF

(Get Free Report)

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.