ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Hits New 1-Year High – Should You Buy?

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $68.28 and last traded at $69.39, with a volume of 20521 shares. The stock had previously closed at $66.71.

ProShares Russell 2000 Dividend Growers ETF Stock Performance

The company’s fifty day moving average price is $68.85 and its 200-day moving average price is $69.37. The stock has a market cap of $852.98 million, a P/E ratio of 15.39 and a beta of 0.96.

ProShares Russell 2000 Dividend Growers ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.5398 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Investors Weigh In On ProShares Russell 2000 Dividend Growers ETF

Several institutional investors have recently made changes to their positions in the company. Mainstream Capital Management LLC bought a new stake in ProShares Russell 2000 Dividend Growers ETF during the 4th quarter valued at about $26,000. US Bancorp DE bought a new stake in ProShares Russell 2000 Dividend Growers ETF during the 4th quarter valued at about $27,000. Ameliora Wealth Management Ltd. bought a new stake in ProShares Russell 2000 Dividend Growers ETF during the 4th quarter valued at about $34,000. Nemes Rush Group LLC bought a new stake in ProShares Russell 2000 Dividend Growers ETF during the 4th quarter valued at about $34,000. Finally, Tower Research Capital LLC TRC bought a new stake in ProShares Russell 2000 Dividend Growers ETF during the 4th quarter valued at about $63,000.

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.