ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Reaches New 12-Month High – What’s Next?

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $69.97 and last traded at $68.90, with a volume of 20256 shares. The stock had previously closed at $69.90.

ProShares Russell 2000 Dividend Growers ETF Stock Performance

The company has a 50 day moving average of $68.53 and a 200-day moving average of $65.38. The stock has a market cap of $837.04 million, a price-to-earnings ratio of 15.39 and a beta of 0.96.

Institutional Trading of ProShares Russell 2000 Dividend Growers ETF

Hedge funds have recently made changes to their positions in the business. Toth Financial Advisory Corp lifted its holdings in ProShares Russell 2000 Dividend Growers ETF by 7.2% during the 1st quarter. Toth Financial Advisory Corp now owns 191,886 shares of the company’s stock worth $12,284,000 after buying an additional 12,902 shares in the last quarter. Cetera Investment Advisers grew its position in shares of ProShares Russell 2000 Dividend Growers ETF by 9.8% during the first quarter. Cetera Investment Advisers now owns 98,779 shares of the company’s stock worth $6,323,000 after buying an additional 8,785 shares in the last quarter. Truist Financial Corp increased its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 20.1% during the second quarter. Truist Financial Corp now owns 80,910 shares of the company’s stock worth $5,027,000 after buying an additional 13,515 shares during the period. Cetera Advisors LLC purchased a new stake in shares of ProShares Russell 2000 Dividend Growers ETF in the 1st quarter valued at approximately $4,750,000. Finally, ForthRight Wealth Management LLC lifted its position in shares of ProShares Russell 2000 Dividend Growers ETF by 0.3% during the 2nd quarter. ForthRight Wealth Management LLC now owns 67,162 shares of the company’s stock worth $4,172,000 after purchasing an additional 197 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.