ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL) Reaches New 52-Week High – Here’s Why

ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL)’s stock price reached a new 52-week high on Monday . The company traded as high as $85.85 and last traded at $85.53, with a volume of 36086 shares changing hands. The stock had previously closed at $84.39.

ProShares S&P MidCap 400 Dividend Aristocrats ETF Stock Performance

The firm has a market capitalization of $1.73 billion, a P/E ratio of 17.56 and a beta of 0.84. The business’s fifty day moving average price is $81.50 and its two-hundred day moving average price is $78.29.

Hedge Funds Weigh In On ProShares S&P MidCap 400 Dividend Aristocrats ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF during the 1st quarter valued at about $30,000. Pathway Financial Advisers LLC purchased a new position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF during the 1st quarter valued at about $455,000. S.A. Mason LLC raised its stake in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF by 29.9% during the 2nd quarter. S.A. Mason LLC now owns 4,987 shares of the company’s stock valued at $367,000 after buying an additional 1,147 shares during the last quarter. Beam Wealth Advisors Inc. purchased a new position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF during the 2nd quarter valued at about $763,000. Finally, Heritage Wealth Management Inc. acquired a new stake in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF during the 2nd quarter valued at about $459,000.

About ProShares S&P MidCap 400 Dividend Aristocrats ETF

The ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) is an exchange-traded fund that is based on the S&P MidCap 400 Dividend Aristocrats index. The fund tracks an equal-weighted index of mid-cap companies that have increased their dividends for at least 15-consecutive years. REGL was launched on Feb 5, 2015 and is managed by ProShares.