ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) Trading 1.2% Higher – Should You Buy?

ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV)’s share price shot up 1.2% during mid-day trading on Friday . The company traded as high as $77.40 and last traded at $77.49. 36,525 shares traded hands during trading, The stock had previously closed at $76.57.

ProShares S&P Technology Dividend Aristocrats ETF Stock Up 1.2 %

The firm has a market capitalization of $253.41 million, a P/E ratio of 32.46 and a beta of 1.05. The company’s 50 day moving average is $77.62 and its 200-day moving average is $76.88.

ProShares S&P Technology Dividend Aristocrats ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.2183 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in ProShares S&P Technology Dividend Aristocrats ETF by 21.8% in the third quarter. JPMorgan Chase & Co. now owns 3,610 shares of the company’s stock valued at $278,000 after acquiring an additional 647 shares during the period. Coston McIsaac & Partners lifted its holdings in shares of ProShares S&P Technology Dividend Aristocrats ETF by 24.5% in the 4th quarter. Coston McIsaac & Partners now owns 22,614 shares of the company’s stock worth $1,705,000 after purchasing an additional 4,448 shares in the last quarter. AMJ Financial Wealth Management grew its position in ProShares S&P Technology Dividend Aristocrats ETF by 11.3% in the 4th quarter. AMJ Financial Wealth Management now owns 12,063 shares of the company’s stock valued at $910,000 after purchasing an additional 1,225 shares during the period. Finally, OLD Mission Capital LLC increased its stake in ProShares S&P Technology Dividend Aristocrats ETF by 42.5% during the 4th quarter. OLD Mission Capital LLC now owns 17,295 shares of the company’s stock valued at $1,305,000 after purchasing an additional 5,161 shares in the last quarter.

ProShares S&P Technology Dividend Aristocrats ETF Company Profile

The ProShares S&P Technology Dividend Aristocrats ETF (TDV) is an exchange-traded fund that is based on the S&P Technology Dividend Aristocrats index. The fund tracks an equal-weighted index of U.S. technology companies that have dividend growth of at least 7 years. TDV was launched on Nov 5, 2019 and is managed by ProShares.