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

Posted by Donna Armstrong on Dec 11th, 2024

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $74.20 and last traded at $73.43, with a volume of 16762 shares changing hands. The stock had previously closed at $73.53.

ProShares Russell 2000 Dividend Growers ETF Trading Up 0.2 %

The stock has a market capitalization of $899.75 million, a price-to-earnings ratio of 15.39 and a beta of 0.96. The firm has a 50-day moving average of $71.29 and a 200 day moving average of $67.80.

Hedge Funds Weigh In On ProShares Russell 2000 Dividend Growers ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of SMDV. Key Financial Inc increased its position in ProShares Russell 2000 Dividend Growers ETF by 342.7% in the second quarter. Key Financial Inc now owns 549 shares of the company’s stock worth $34,000 after buying an additional 425 shares during the period. Creative Financial Designs Inc. ADV raised its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 11.4% during the third quarter. Creative Financial Designs Inc. ADV now owns 2,912 shares of the company’s stock valued at $202,000 after buying an additional 298 shares during the last quarter. Anson Capital Inc. boosted its position in shares of ProShares Russell 2000 Dividend Growers ETF by 8.3% during the second quarter. Anson Capital Inc. now owns 3,394 shares of the company’s stock worth $211,000 after buying an additional 259 shares during the period. Palisade Asset Management LLC acquired a new stake in ProShares Russell 2000 Dividend Growers ETF in the 3rd quarter valued at approximately $215,000. Finally, CWC Advisors LLC. acquired a new position in ProShares Russell 2000 Dividend Growers ETF during the 3rd quarter worth $225,000.

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.