ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Hits New 12-Month High – What’s Next?

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)’s share price hit a new 52-week high on Wednesday . The company traded as high as $68.28 and last traded at $69.18, with a volume of 20521 shares. The stock had previously closed at $66.71.

ProShares Russell 2000 Dividend Growers ETF Trading Up 3.7 %

The company’s fifty day moving average is $70.78 and its 200-day moving average is $69.14. The firm has a market capitalization of $843.96 million, a P/E ratio of 15.39 and a beta of 0.96.

ProShares Russell 2000 Dividend Growers ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.5398 per share. The ex-dividend date was Monday, December 23rd.

Hedge Funds Weigh In On ProShares Russell 2000 Dividend Growers ETF

Several large investors have recently made changes to their positions in SMDV. Sanctuary Advisors LLC acquired a new stake in ProShares Russell 2000 Dividend Growers ETF in the 2nd quarter valued at approximately $3,616,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of ProShares Russell 2000 Dividend Growers ETF in the second quarter worth $1,107,000. Pinnacle Associates Ltd. increased its position in ProShares Russell 2000 Dividend Growers ETF by 477.5% during the third quarter. Pinnacle Associates Ltd. now owns 18,873 shares of the company’s stock worth $1,227,000 after acquiring an additional 15,605 shares during the period. Truist Financial Corp raised its stake in ProShares Russell 2000 Dividend Growers ETF by 20.1% during the 2nd quarter. Truist Financial Corp now owns 80,910 shares of the company’s stock valued at $5,027,000 after purchasing an additional 13,515 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in ProShares Russell 2000 Dividend Growers ETF by 58.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 29,024 shares of the company’s stock valued at $2,010,000 after purchasing an additional 10,760 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.