ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL) Reaches New 1-Year High – Still a Buy?

ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $81.81 and last traded at $83.76, with a volume of 53109 shares. The stock had previously closed at $80.21.

ProShares S&P MidCap 400 Dividend Aristocrats ETF Stock Performance

The firm has a market cap of $1.60 billion, a P/E ratio of 17.72 and a beta of 0.88. The firm has a 50 day simple moving average of $81.69 and a 200 day simple moving average of $82.25.

ProShares S&P MidCap 400 Dividend Aristocrats ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.6061 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Investors Weigh In On ProShares S&P MidCap 400 Dividend Aristocrats ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB purchased a new stake in ProShares S&P MidCap 400 Dividend Aristocrats ETF during the third quarter valued at about $28,000. Farther Finance Advisors LLC lifted its stake in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF by 2,707.7% in the 4th quarter. Farther Finance Advisors LLC now owns 365 shares of the company’s stock valued at $29,000 after purchasing an additional 352 shares during the period. Rosenberg Matthew Hamilton purchased a new stake in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF in the 4th quarter worth about $31,000. Russell Investments Group Ltd. grew its stake in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF by 559.2% in the 4th quarter. Russell Investments Group Ltd. now owns 791 shares of the company’s stock worth $64,000 after buying an additional 671 shares during the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF in the 4th quarter worth about $147,000.

About ProShares S&P MidCap 400 Dividend Aristocrats ETF

The ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) is an exchange-traded fund that is based on the S&P MidCap 400 Dividend Aristocrats index. The fund tracks an equal-weighted index of mid-cap companies that have increased their dividends for at least 15-consecutive years. REGL was launched on Feb 5, 2015 and is managed by ProShares.