ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL) Hits New 12-Month High – Should You Buy?

ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $81.81 and last traded at $80.76, with a volume of 53109 shares traded. The stock had previously closed at $80.21.

ProShares S&P MidCap 400 Dividend Aristocrats ETF Stock Up 2.6 %

The firm has a 50-day simple moving average of $83.00 and a 200 day simple moving average of $81.67. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 17.56 and a beta of 0.84.

ProShares S&P MidCap 400 Dividend Aristocrats ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.6061 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cutter & CO Brokerage Inc. purchased a new stake in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF in the third quarter valued at about $220,000. S.A. Mason LLC grew its stake in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF by 7.2% in the 3rd quarter. S.A. Mason LLC now owns 5,345 shares of the company’s stock valued at $437,000 after purchasing an additional 358 shares during the last quarter. United Advisor Group LLC grew its stake in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF by 16.8% in the 3rd quarter. United Advisor Group LLC now owns 40,385 shares of the company’s stock valued at $3,303,000 after purchasing an additional 5,798 shares during the last quarter. Heritage Wealth Management Inc. increased its holdings in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF by 4.7% in the third quarter. Heritage Wealth Management Inc. now owns 6,634 shares of the company’s stock valued at $543,000 after purchasing an additional 300 shares during the period. Finally, Nations Financial Group Inc. IA ADV raised its stake in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF by 20.2% during the third quarter. Nations Financial Group Inc. IA ADV now owns 13,216 shares of the company’s stock worth $1,081,000 after purchasing an additional 2,220 shares during the last quarter.

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.