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

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDVGet Free Report) hit a new 52-week high on Monday . The stock traded as high as $69.23 and last traded at $69.14, with a volume of 20962 shares changing hands. The stock had previously closed at $68.05.

ProShares Russell 2000 Dividend Growers ETF Stock Up 0.3 %

The firm has a market capitalization of $841.19 million, a PE ratio of 15.39 and a beta of 0.96. The stock has a 50-day simple moving average of $68.62 and a 200-day simple moving average of $65.56.

Institutional Investors Weigh In On ProShares Russell 2000 Dividend Growers ETF

Several large investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its holdings in 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 purchasing an additional 8,785 shares during the last quarter. Truist Financial Corp lifted its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 20.1% during the 2nd quarter. Truist Financial Corp now owns 80,910 shares of the company’s stock valued at $5,027,000 after buying an additional 13,515 shares in the last quarter. Cetera Advisors LLC purchased a new stake in shares of ProShares Russell 2000 Dividend Growers ETF during the 1st quarter valued at approximately $4,750,000. ForthRight Wealth Management LLC boosted its holdings in ProShares Russell 2000 Dividend Growers ETF by 0.3% in the 2nd quarter. ForthRight Wealth Management LLC now owns 67,162 shares of the company’s stock worth $4,172,000 after buying an additional 197 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in ProShares Russell 2000 Dividend Growers ETF in the 2nd quarter valued at approximately $3,616,000.

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.

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