ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Sets New 12-Month High at $66.18

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) hit a new 52-week high on Monday . The stock traded as high as $66.18 and last traded at $65.56, with a volume of 210428 shares changing hands. The stock had previously closed at $67.86.

ProShares Russell 2000 Dividend Growers ETF Stock Down 3.4 %

The company’s fifty day moving average is $64.19 and its two-hundred day moving average is $62.96. The firm has a market capitalization of $799.77 million, a price-to-earnings ratio of 15.39 and a beta of 0.96.

Hedge Funds Weigh In On ProShares Russell 2000 Dividend Growers ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Key Financial Inc increased its stake in ProShares Russell 2000 Dividend Growers ETF by 342.7% in the second quarter. Key Financial Inc now owns 549 shares of the company’s stock valued at $34,000 after purchasing an additional 425 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of ProShares Russell 2000 Dividend Growers ETF in the 4th quarter valued at $41,000. Palisade Asset Management LLC bought a new position in ProShares Russell 2000 Dividend Growers ETF during the fourth quarter worth about $202,000. Anson Capital Inc. acquired a new position in ProShares Russell 2000 Dividend Growers ETF in the first quarter valued at about $201,000. Finally, J.W. Cole Advisors Inc. bought a new stake in shares of ProShares Russell 2000 Dividend Growers ETF in the fourth quarter worth about $216,000.

ProShares Russell 2000 Dividend Growers ETF Company Profile

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.