ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Sets New 52-Week High – Should You Buy?

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)’s stock price hit a new 52-week high on Monday . The stock traded as high as $68.28 and last traded at $68.82, with a volume of 20521 shares trading hands. The stock had previously closed at $66.71.

ProShares Russell 2000 Dividend Growers ETF Price Performance

The company’s fifty day moving average price is $69.33 and its 200 day moving average price is $69.42. The company has a market cap of $841.25 million, a PE ratio of 15.39 and a beta of 0.96.

ProShares Russell 2000 Dividend Growers ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.5398 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Hedge Funds Weigh In On ProShares Russell 2000 Dividend Growers ETF

Large investors have recently modified their holdings of the business. Mainstream Capital Management LLC bought a new position in ProShares Russell 2000 Dividend Growers ETF in the 4th quarter worth about $26,000. US Bancorp DE bought a new position in shares of ProShares Russell 2000 Dividend Growers ETF in the fourth quarter valued at approximately $27,000. Ameliora Wealth Management Ltd. bought a new stake in ProShares Russell 2000 Dividend Growers ETF during the 4th quarter worth approximately $34,000. Creative Financial Designs Inc. ADV boosted its holdings in ProShares Russell 2000 Dividend Growers ETF by 11.4% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,912 shares of the company’s stock valued at $202,000 after purchasing an additional 298 shares during the period. Finally, Palisade Asset Management LLC purchased a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the 3rd quarter valued at $215,000.

ProShares Russell 2000 Dividend Growers ETF Company Profile

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.