ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Reaches New 1-Year High – Still a Buy?

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $74.45 and last traded at $74.45, with a volume of 8697 shares changing hands. The stock had previously closed at $73.70.

ProShares Russell 2000 Dividend Growers ETF Stock Up 0.7%

The stock has a 50 day simple moving average of $72.09 and a 200 day simple moving average of $70.34. The company has a market cap of $746.57 million, a price-to-earnings ratio of 16.56 and a beta of 0.84.

Hedge Funds Weigh In On ProShares Russell 2000 Dividend Growers ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Group AG grew its position in ProShares Russell 2000 Dividend Growers ETF by 9.0% in the third quarter. UBS Group AG now owns 412,095 shares of the company’s stock valued at $27,462,000 after acquiring an additional 34,111 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of ProShares Russell 2000 Dividend Growers ETF by 72.8% during the second quarter. Ameriprise Financial Inc. now owns 44,356 shares of the company’s stock worth $2,886,000 after purchasing an additional 18,690 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of ProShares Russell 2000 Dividend Growers ETF by 248.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 23,622 shares of the company’s stock worth $1,600,000 after purchasing an additional 16,851 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 100.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 23,045 shares of the company’s stock valued at $1,523,000 after purchasing an additional 11,570 shares during the period. Finally, Fifth Third Bancorp acquired a new stake in ProShares Russell 2000 Dividend Growers ETF during the 1st quarter valued at $682,000.

ProShares Russell 2000 Dividend Growers ETF Company Profile

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.