ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL) Hits New 12-Month High – Should You Buy?

ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL) hit a new 52-week high during trading on Wednesday . The stock traded as high as $93.50 and last traded at $92.9290, with a volume of 7347 shares trading hands. The stock had previously closed at $92.87.

ProShares S&P MidCap 400 Dividend Aristocrats ETF Stock Performance

The stock has a 50 day moving average of $87.45 and a two-hundred day moving average of $85.23. The stock has a market cap of $2.02 billion, a PE ratio of 16.11 and a beta of 0.80.

Hedge Funds 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 company. FNY Investment Advisers LLC purchased a new position in ProShares S&P MidCap 400 Dividend Aristocrats ETF during the 2nd quarter worth approximately $40,000. Rosenberg Matthew Hamilton boosted its position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF by 13.9% in the second quarter. Rosenberg Matthew Hamilton now owns 1,071 shares of the company’s stock worth $87,000 after buying an additional 131 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF by 410.8% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,037 shares of the company’s stock valued at $89,000 after buying an additional 834 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in ProShares S&P MidCap 400 Dividend Aristocrats ETF during the third quarter valued at $117,000. Finally, GAMMA Investing LLC purchased a new stake in ProShares S&P MidCap 400 Dividend Aristocrats ETF in the 4th quarter worth about $171,000.

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.