ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Stock Price Up 2.7% – Time to Buy?

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) shot up 2.7% during mid-day trading on Monday . The company traded as high as $65.6650 and last traded at $67.03. 28,122 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 34,734 shares. The stock had previously closed at $65.26.

ProShares Russell 2000 Dividend Growers ETF Price Performance

The company’s 50-day moving average price is $66.56 and its two-hundred day moving average price is $66.51. The company has a market capitalization of $663.53 million, a price-to-earnings ratio of 16.56 and a beta of 0.84.

Institutional Investors Weigh In On ProShares Russell 2000 Dividend Growers ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Howe & Rusling Inc. lifted its stake in ProShares Russell 2000 Dividend Growers ETF by 7.7% in the second quarter. Howe & Rusling Inc. now owns 2,721 shares of the company’s stock valued at $177,000 after buying an additional 195 shares during the period. DAVENPORT & Co LLC increased its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 6.1% in the 3rd quarter. DAVENPORT & Co LLC now owns 4,059 shares of the company’s stock valued at $270,000 after acquiring an additional 233 shares in the last quarter. Anson Capital Inc. lifted its position in shares of ProShares Russell 2000 Dividend Growers ETF by 7.4% during the 3rd quarter. Anson Capital Inc. now owns 3,845 shares of the company’s stock valued at $256,000 after acquiring an additional 266 shares during the period. WBI Investments LLC boosted its stake in ProShares Russell 2000 Dividend Growers ETF by 1.7% during the second quarter. WBI Investments LLC now owns 16,584 shares of the company’s stock worth $1,079,000 after acquiring an additional 283 shares in the last quarter. Finally, Comerica Bank grew its holdings in ProShares Russell 2000 Dividend Growers ETF by 3.1% in the third quarter. Comerica Bank now owns 9,973 shares of the company’s stock worth $665,000 after purchasing an additional 302 shares during the period.

About ProShares Russell 2000 Dividend Growers ETF

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.