ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) Shares Down 0.1% – Should You Sell?

ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV)’s share price dropped 0.1% on Friday . The company traded as low as $86.02 and last traded at $86.4450. Approximately 5,413 shares were traded during trading, a decline of 48% from the average daily volume of 10,357 shares. The stock had previously closed at $86.5038.

ProShares S&P Technology Dividend Aristocrats ETF Price Performance

The company has a market capitalization of $265.39 million, a P/E ratio of 28.94 and a beta of 1.08. The stock’s fifty day simple moving average is $86.51 and its 200-day simple moving average is $84.00.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Nova Wealth Management Inc. bought a new position in ProShares S&P Technology Dividend Aristocrats ETF during the first quarter worth $110,000. Janney Montgomery Scott LLC increased its holdings in shares of ProShares S&P Technology Dividend Aristocrats ETF by 5.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 8,197 shares of the company’s stock worth $682,000 after purchasing an additional 446 shares during the period. AMJ Financial Wealth Management raised its position in shares of ProShares S&P Technology Dividend Aristocrats ETF by 1.6% during the third quarter. AMJ Financial Wealth Management now owns 10,826 shares of the company’s stock valued at $936,000 after buying an additional 173 shares during the last quarter. Coston McIsaac & Partners lifted its stake in shares of ProShares S&P Technology Dividend Aristocrats ETF by 10.0% in the third quarter. Coston McIsaac & Partners now owns 27,210 shares of the company’s stock valued at $2,352,000 after buying an additional 2,481 shares during the period. Finally, NewEdge Advisors LLC grew its position in ProShares S&P Technology Dividend Aristocrats ETF by 231.8% during the third quarter. NewEdge Advisors LLC now owns 28,610 shares of the company’s stock worth $2,475,000 after buying an additional 19,988 shares in the last quarter.

ProShares S&P Technology Dividend Aristocrats ETF Company Profile

The ProShares S&P Technology Dividend Aristocrats ETF (TDV) is an exchange-traded fund that is based on the S&P Technology Dividend Aristocrats index. The fund tracks an equal-weighted index of U.S. technology companies that have dividend growth of at least 7 years. TDV was launched on Nov 5, 2019 and is managed by ProShares.