ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Hits New 52-Week High – Should You Buy?

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)’s share price reached a new 52-week high on Monday . The company traded as high as $76.83 and last traded at $75.94, with a volume of 56979 shares trading hands. The stock had previously closed at $74.97.

ProShares Russell 2000 Dividend Growers ETF Stock Down 0.3 %

The stock has a fifty day moving average of $70.38 and a two-hundred day moving average of $67.18. The stock has a market cap of $912.07 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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers boosted its holdings in ProShares Russell 2000 Dividend Growers ETF by 9.8% during the first quarter. Cetera Investment Advisers now owns 98,779 shares of the company’s stock worth $6,323,000 after buying an additional 8,785 shares in the last quarter. Cetera Advisors LLC acquired a new stake in shares of ProShares Russell 2000 Dividend Growers ETF in the 1st quarter worth approximately $4,750,000. ForthRight Wealth Management LLC grew its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 0.3% in the 2nd quarter. ForthRight Wealth Management LLC now owns 67,162 shares of the company’s stock worth $4,172,000 after acquiring an additional 197 shares during the period. Arkadios Wealth Advisors purchased a new position in ProShares Russell 2000 Dividend Growers ETF in the 2nd quarter valued at approximately $861,000. Finally, Key Financial Inc raised its holdings in ProShares Russell 2000 Dividend Growers ETF by 342.7% during the second quarter. Key Financial Inc now owns 549 shares of the company’s stock worth $34,000 after purchasing an additional 425 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.