ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Sets New 1-Year High – Time to Buy?

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $68.28 and last traded at $67.58, with a volume of 20521 shares trading hands. The stock had previously closed at $66.71.

ProShares Russell 2000 Dividend Growers ETF Stock Performance

The stock has a market capitalization of $832.35 million, a PE ratio of 15.39 and a beta of 0.96. The firm has a 50 day moving average of $70.91 and a 200-day moving average of $68.99.

ProShares Russell 2000 Dividend Growers ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SMDV. Trueblood Wealth Management LLC increased its position in ProShares Russell 2000 Dividend Growers ETF by 1.3% during the fourth quarter. Trueblood Wealth Management LLC now owns 15,481 shares of the company’s stock worth $1,048,000 after buying an additional 192 shares during the last quarter. Atlas Brown Inc. lifted its position in ProShares Russell 2000 Dividend Growers ETF by 4.0% during the 4th quarter. Atlas Brown Inc. now owns 6,108 shares of the company’s stock worth $413,000 after acquiring an additional 236 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in ProShares Russell 2000 Dividend Growers ETF by 11.4% during the third quarter. Creative Financial Designs Inc. ADV now owns 2,912 shares of the company’s stock valued at $202,000 after acquiring an additional 298 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in ProShares Russell 2000 Dividend Growers ETF by 2.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 11,776 shares of the company’s stock valued at $797,000 after purchasing an additional 321 shares during the period. Finally, L.M. Kohn & Company raised its stake in ProShares Russell 2000 Dividend Growers ETF by 5.8% during the 3rd quarter. L.M. Kohn & Company now owns 8,533 shares of the company’s stock valued at $591,000 after purchasing an additional 466 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.