ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Sets New 12-Month High – Here’s What Happened

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $68.28 and last traded at $69.17, with a volume of 20521 shares changing hands. The stock had previously closed at $66.71.

ProShares Russell 2000 Dividend Growers ETF Stock Performance

The stock has a market capitalization of $843.87 million, a P/E ratio of 15.39 and a beta of 0.96. The firm has a 50-day moving average price of $70.39 and a 200 day moving average price of $69.34.

ProShares Russell 2000 Dividend Growers ETF Dividend Announcement

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

Institutional Investors Weigh In On ProShares Russell 2000 Dividend Growers ETF

Several institutional investors have recently bought and sold shares of SMDV. Northwestern Mutual Wealth Management Co. boosted its holdings in ProShares Russell 2000 Dividend Growers ETF by 1.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 40,183 shares of the company’s stock valued at $2,496,000 after acquiring an additional 735 shares during the period. Truist Financial Corp boosted its holdings 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 acquiring an additional 13,515 shares during the period. Creekside Partners purchased a new stake in ProShares Russell 2000 Dividend Growers ETF during the 2nd quarter valued at about $301,000. Sanctuary Advisors LLC purchased a new stake in ProShares Russell 2000 Dividend Growers ETF during the 2nd quarter valued at about $3,616,000. Finally, Heritage Wealth Management Inc. purchased a new stake in ProShares Russell 2000 Dividend Growers ETF during the 2nd quarter valued at about $294,000.

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.