ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL) Reaches New 12-Month High – Still a Buy?

ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL) shares reached a new 52-week high on Monday . The company traded as high as $87.02 and last traded at $85.86, with a volume of 28533 shares trading hands. The stock had previously closed at $86.09.

ProShares S&P MidCap 400 Dividend Aristocrats ETF Price Performance

The stock has a market capitalization of $1.75 billion, a P/E ratio of 17.56 and a beta of 0.84. The company has a 50 day simple moving average of $83.82 and a 200-day simple moving average of $79.64.

Hedge Funds Weigh In On ProShares S&P MidCap 400 Dividend Aristocrats ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in ProShares S&P MidCap 400 Dividend Aristocrats ETF during the 3rd quarter valued at approximately $28,000. Cutter & CO Brokerage Inc. purchased a new position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF in the 3rd quarter worth about $220,000. S.A. Mason LLC raised its position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF by 7.2% in the 3rd quarter. S.A. Mason LLC now owns 5,345 shares of the company’s stock worth $437,000 after purchasing an additional 358 shares during the last quarter. Pathway Financial Advisers LLC boosted its stake in ProShares S&P MidCap 400 Dividend Aristocrats ETF by 6.1% in the 2nd quarter. Pathway Financial Advisers LLC now owns 6,144 shares of the company’s stock worth $451,000 after purchasing an additional 355 shares in the last quarter. Finally, Heritage Wealth Management Inc. purchased a new stake in ProShares S&P MidCap 400 Dividend Aristocrats ETF during the 2nd quarter valued at about $459,000.

About ProShares S&P MidCap 400 Dividend Aristocrats ETF

The ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) is an exchange-traded fund that is based on the S&P MidCap 400 Dividend Aristocrats index. The fund tracks an equal-weighted index of mid-cap companies that have increased their dividends for at least 15-consecutive years. REGL was launched on Feb 5, 2015 and is managed by ProShares.