ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL) Shares Down 0.5% – Should You Sell?

ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL) shares were down 0.5% during mid-day trading on Friday . The stock traded as low as $89.75 and last traded at $89.80. Approximately 60,024 shares traded hands during trading, a decline of 5% from the average daily volume of 63,300 shares. The stock had previously closed at $90.27.

ProShares S&P MidCap 400 Dividend Aristocrats ETF Stock Down 0.5%

The company has a 50 day moving average of $89.39 and a 200-day moving average of $86.44. The stock has a market capitalization of $1.96 billion, a P/E ratio of 16.11 and a beta of 0.80.

Hedge Funds Weigh In On ProShares S&P MidCap 400 Dividend Aristocrats ETF

Several large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in ProShares S&P MidCap 400 Dividend Aristocrats ETF during the fourth quarter worth $556,000. Garton & Associates Financial Advisors LLC bought a new position in ProShares S&P MidCap 400 Dividend Aristocrats ETF during the fourth quarter worth $50,000. Hollencrest Capital Management lifted its stake in ProShares S&P MidCap 400 Dividend Aristocrats ETF by 0.7% during the fourth quarter. Hollencrest Capital Management now owns 17,609 shares of the company’s stock worth $1,483,000 after purchasing an additional 125 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in ProShares S&P MidCap 400 Dividend Aristocrats ETF by 3.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 64,896 shares of the company’s stock worth $5,466,000 after purchasing an additional 2,134 shares during the last quarter. Finally, Duncan Williams Asset Management LLC bought a new position in ProShares S&P MidCap 400 Dividend Aristocrats ETF during the fourth quarter worth $269,000.

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.