ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Sets New 12-Month High – Still a Buy?

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $68.73 and last traded at $69.22, with a volume of 15661 shares changing hands. The stock had previously closed at $68.67.

ProShares Russell 2000 Dividend Growers ETF Price Performance

The firm has a 50-day moving average of $67.92 and a 200 day moving average of $65.01. The company has a market capitalization of $844.56 million, a PE ratio of 15.39 and a beta of 0.96.

Institutional Investors Weigh In On ProShares Russell 2000 Dividend Growers ETF

A number of institutional investors have recently modified their holdings of SMDV. B. Riley Wealth Advisors Inc. boosted its holdings in ProShares Russell 2000 Dividend Growers ETF by 3.1% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 7,839 shares of the company’s stock valued at $510,000 after purchasing an additional 233 shares during the period. PNC Financial Services Group Inc. purchased a new position in ProShares Russell 2000 Dividend Growers ETF in the fourth quarter valued at $41,000. Duncan Williams Asset Management LLC purchased a new position in ProShares Russell 2000 Dividend Growers ETF in the first quarter valued at $314,000. Atlas Brown Inc. boosted its holdings in ProShares Russell 2000 Dividend Growers ETF by 8.8% in the first quarter. Atlas Brown Inc. now owns 5,843 shares of the company’s stock valued at $374,000 after purchasing an additional 474 shares during the period. Finally, Key Client Fiduciary Advisors LLC boosted its holdings in ProShares Russell 2000 Dividend Growers ETF by 24.7% in the first quarter. Key Client Fiduciary Advisors LLC now owns 5,917 shares of the company’s stock valued at $379,000 after purchasing an additional 1,172 shares during the period.

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.