ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Sets New 1-Year High – Here’s What Happened

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $74.43 and last traded at $73.82, with a volume of 24180 shares trading hands. The stock had previously closed at $73.94.

ProShares Russell 2000 Dividend Growers ETF Stock Performance

The firm’s fifty day simple moving average is $69.93 and its 200 day simple moving average is $67.76. The stock has a market capitalization of $736.84 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 have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC bought a new position in ProShares Russell 2000 Dividend Growers ETF during the 4th quarter worth about $28,000. Cornerstone Planning Group LLC acquired a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the fourth quarter worth about $37,000. Advisory Services Network LLC acquired a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the third quarter worth about $37,000. Franklin Resources Inc. bought a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the second quarter worth about $48,000. Finally, Harbour Investments Inc. raised its position in ProShares Russell 2000 Dividend Growers ETF by 2,143.0% in the 2nd quarter. Harbour Investments Inc. now owns 2,243 shares of the company’s stock valued at $146,000 after buying an additional 2,143 shares during the last quarter.

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.