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

Shares of ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $77.78 and last traded at $77.76, with a volume of 61786 shares trading hands. The stock had previously closed at $77.03.

ProShares Russell 2000 Dividend Growers ETF Trading Up 0.6%

The stock has a 50 day simple moving average of $73.22 and a 200 day simple moving average of $71.13. The stock has a market cap of $778.30 million, a P/E ratio of 16.56 and a beta of 0.84.

Institutional Investors Weigh In On ProShares Russell 2000 Dividend Growers ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 248.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 23,622 shares of the company’s stock worth $1,600,000 after acquiring an additional 16,851 shares during the period. Fisher Asset Management LLC bought a new stake in ProShares Russell 2000 Dividend Growers ETF during the fourth quarter worth $582,000. ForthRight Wealth Management LLC boosted its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 1.3% in the 4th quarter. ForthRight Wealth Management LLC now owns 87,530 shares of the company’s stock valued at $5,784,000 after purchasing an additional 1,092 shares in the last quarter. MAI Capital Management boosted its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 27.3% in the 3rd quarter. MAI Capital Management now owns 2,925 shares of the company’s stock valued at $195,000 after purchasing an additional 628 shares in the last quarter. Finally, Landmark Wealth Management LLC lifted its position in shares of ProShares Russell 2000 Dividend Growers ETF by 6.0% during the 4th quarter. Landmark Wealth Management LLC now owns 52,392 shares of the company’s stock worth $3,462,000 after buying an additional 2,973 shares during the last quarter.

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.