ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Sets New 12-Month High – Time to Buy?

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $68.28 and last traded at $68.67, with a volume of 20521 shares. The stock had previously closed at $66.71.

ProShares Russell 2000 Dividend Growers ETF Trading Up 3.6 %

The company has a 50-day moving average price of $68.31 and a two-hundred day moving average price of $69.50. The stock has a market cap of $721.12 million, a P/E ratio of 18.08 and a beta of 0.85.

ProShares Russell 2000 Dividend Growers ETF Announces Dividend

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

Institutional Investors Weigh In On ProShares Russell 2000 Dividend Growers ETF

Several institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN raised its position in ProShares Russell 2000 Dividend Growers ETF by 1.1% in the 4th quarter. Wells Fargo & Company MN now owns 459,939 shares of the company’s stock worth $31,124,000 after purchasing an additional 4,830 shares during the period. Raymond James Financial Inc. bought a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the fourth quarter valued at approximately $21,300,000. LPL Financial LLC grew its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 7.6% during the fourth quarter. LPL Financial LLC now owns 260,795 shares of the company’s stock valued at $17,648,000 after buying an additional 18,411 shares during the last quarter. Toth Financial Advisory Corp raised its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 1.9% in the fourth quarter. Toth Financial Advisory Corp now owns 192,528 shares of the company’s stock worth $13,028,000 after buying an additional 3,664 shares during the period. Finally, Baird Financial Group Inc. lifted its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 2.9% during the 4th quarter. Baird Financial Group Inc. now owns 124,819 shares of the company’s stock worth $8,447,000 after acquiring an additional 3,535 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.