Pinnacle Holdings LLC Invests $706,000 in ProShares S&P MidCap 400 Dividend Aristocrats ETF $REGL

Pinnacle Holdings LLC purchased a new stake in ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL) in the 2nd quarter, HoldingsChannel reports. The fund purchased 12,577 shares of the company’s stock, valued at approximately $706,000.

A number of other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC grew its position in ProShares S&P MidCap 400 Dividend Aristocrats ETF by 21.9% in the 2nd quarter. NewEdge Advisors LLC now owns 46,099 shares of the company’s stock valued at $3,759,000 after purchasing an additional 8,277 shares during the period. Ameriprise Financial Inc. raised its holdings in ProShares S&P MidCap 400 Dividend Aristocrats ETF by 29.5% during the second quarter. Ameriprise Financial Inc. now owns 199,294 shares of the company’s stock worth $16,251,000 after buying an additional 45,417 shares during the last quarter. Captrust Financial Advisors acquired a new position in ProShares S&P MidCap 400 Dividend Aristocrats ETF during the second quarter worth $209,000. Sunbelt Securities Inc. bought a new position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF in the third quarter valued at $117,000. Finally, Duncan Williams Asset Management LLC bought a new position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF in the fourth quarter valued at $269,000.

ProShares S&P MidCap 400 Dividend Aristocrats ETF Price Performance

Shares of BATS REGL opened at $94.01 on Monday. The company has a 50-day moving average price of $93.02 and a 200-day moving average price of $90.58. The stock has a market capitalization of $2.05 billion, a P/E ratio of 16.11 and a beta of 0.80. ProShares S&P MidCap 400 Dividend Aristocrats ETF has a 1 year low of $80.52 and a 1 year high of $95.97.

ProShares S&P MidCap 400 Dividend Aristocrats ETF 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.