ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Hits New 1-Year High – Still a Buy?

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) shares reached a new 52-week high during trading on Thursday . The company traded as high as $79.53 and last traded at $79.24, with a volume of 10810 shares trading hands. The stock had previously closed at $79.12.

ProShares Russell 2000 Dividend Growers ETF Stock Up 0.5%

The company has a market capitalization of $798.48 million, a P/E ratio of 16.56 and a beta of 0.84. The company has a 50-day moving average of $75.92 and a two-hundred day moving average of $72.87.

Hedge Funds Weigh In On ProShares Russell 2000 Dividend Growers ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new stake in shares of ProShares Russell 2000 Dividend Growers ETF during the 4th quarter valued at $28,000. Cornerstone Planning Group LLC bought a new position in shares of ProShares Russell 2000 Dividend Growers ETF in the 4th quarter worth about $37,000. Advisory Services Network LLC bought a new position in shares of ProShares Russell 2000 Dividend Growers ETF in the 3rd quarter worth about $37,000. Franklin Resources Inc. bought a new position in shares of ProShares Russell 2000 Dividend Growers ETF in the 2nd quarter worth about $48,000. Finally, Wealthcare Capital Partners LLC purchased a new position in ProShares Russell 2000 Dividend Growers ETF during the 2nd quarter valued at about $202,000.

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.