ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Sets New 52-Week High – What’s Next?

Shares of ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $75.64 and last traded at $74.61, with a volume of 19167 shares. The stock had previously closed at $75.13.

ProShares Russell 2000 Dividend Growers ETF Stock Down 0.7%

The business has a 50-day moving average price of $72.31 and a 200-day moving average price of $70.46. The firm has a market capitalization of $749.08 million, a price-to-earnings ratio of 16.56 and a beta of 0.84.

Hedge Funds Weigh In On ProShares Russell 2000 Dividend Growers ETF

Several hedge funds have recently made changes to their positions in the company. Howe & Rusling Inc. increased its position in shares of ProShares Russell 2000 Dividend Growers ETF by 4.6% in the 4th quarter. Howe & Rusling Inc. now owns 3,185 shares of the company’s stock valued at $210,000 after acquiring an additional 141 shares during the period. NewEdge Advisors LLC increased its position in shares of ProShares Russell 2000 Dividend Growers ETF by 2.9% in the 4th quarter. NewEdge Advisors LLC now owns 5,267 shares of the company’s stock valued at $348,000 after acquiring an additional 146 shares during the period. Janney Montgomery Scott LLC increased its position in shares of ProShares Russell 2000 Dividend Growers ETF by 4.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,745 shares of the company’s stock valued at $248,000 after acquiring an additional 151 shares during the period. Geneos Wealth Management Inc. increased its position in shares of ProShares Russell 2000 Dividend Growers ETF by 2.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 8,135 shares of the company’s stock valued at $538,000 after acquiring an additional 162 shares during the period. Finally, DAVENPORT & Co LLC increased its position in shares of ProShares Russell 2000 Dividend Growers ETF by 6.2% in the 4th quarter. DAVENPORT & Co LLC now owns 4,309 shares of the company’s stock valued at $285,000 after acquiring an additional 250 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.