ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL) Sets New 12-Month High – Time to Buy?

ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $81.81 and last traded at $81.97, with a volume of 53109 shares changing hands. The stock had previously closed at $80.21.

ProShares S&P MidCap 400 Dividend Aristocrats ETF Price Performance

The company has a market cap of $1.67 billion, a P/E ratio of 17.56 and a beta of 0.84. The business has a 50-day moving average of $81.84 and a two-hundred day moving average of $81.92.

ProShares S&P MidCap 400 Dividend Aristocrats 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 paid a dividend of $0.6061 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On ProShares S&P MidCap 400 Dividend Aristocrats ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF by 11.4% in the third quarter. JPMorgan Chase & Co. now owns 195,125 shares of the company’s stock valued at $15,957,000 after buying an additional 19,935 shares in the last quarter. Jones Financial Companies Lllp lifted its position in ProShares S&P MidCap 400 Dividend Aristocrats ETF by 43.0% during the fourth quarter. Jones Financial Companies Lllp now owns 40,019 shares of the company’s stock worth $3,228,000 after buying an additional 12,038 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF by 3.7% during the 4th quarter. Baird Financial Group Inc. now owns 307,013 shares of the company’s stock valued at $24,764,000 after acquiring an additional 10,995 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF by 7.1% in the 4th quarter. Ameriprise Financial Inc. now owns 146,074 shares of the company’s stock valued at $11,782,000 after buying an additional 9,623 shares during the period. Finally, United Advisor Group LLC increased its stake in ProShares S&P MidCap 400 Dividend Aristocrats ETF by 16.8% during the third quarter. United Advisor Group LLC now owns 40,385 shares of the company’s stock worth $3,303,000 after acquiring an additional 5,798 shares during the last quarter.

ProShares S&P MidCap 400 Dividend Aristocrats ETF Company Profile

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.