ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Hits New 12-Month High at $71.39

Shares of ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) hit a new 52-week high on Monday . The company traded as high as $71.39 and last traded at $70.42, with a volume of 88010 shares changing hands. The stock had previously closed at $71.27.

ProShares Russell 2000 Dividend Growers ETF Trading Down 1.2 %

The firm has a 50 day moving average price of $63.62 and a 200-day moving average price of $62.71. The firm has a market cap of $859.06 million, a price-to-earnings ratio of 15.39 and a beta of 0.96.

Hedge Funds Weigh In On ProShares Russell 2000 Dividend Growers ETF

Several hedge funds have recently added to or reduced their stakes in SMDV. Pinnacle Associates Ltd. raised its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 59.0% in the fourth quarter. Pinnacle Associates Ltd. now owns 18,873 shares of the company’s stock worth $1,227,000 after acquiring an additional 7,000 shares during the last quarter. Miracle Mile Advisors LLC acquired a new position in ProShares Russell 2000 Dividend Growers ETF in the 4th quarter valued at about $520,000. Landmark Wealth Management LLC lifted its holdings in ProShares Russell 2000 Dividend Growers ETF by 7.8% in the 4th quarter. Landmark Wealth Management LLC now owns 42,802 shares of the company’s stock valued at $2,783,000 after purchasing an additional 3,105 shares in the last quarter. Lewis Asset Management LLC acquired a new stake in shares of ProShares Russell 2000 Dividend Growers ETF during the 4th quarter worth about $642,000. Finally, Total Clarity Wealth Management Inc. boosted its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 5.0% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 7,439 shares of the company’s stock worth $484,000 after purchasing an additional 354 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.