ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Hits New 52-Week High – Here’s What Happened

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $77.78 and last traded at $77.76, with a volume of 61786 shares. The stock had previously closed at $77.03.

ProShares Russell 2000 Dividend Growers ETF Price Performance

The company’s 50-day simple moving average is $73.22 and its 200-day simple moving average is $71.13. The company has a market cap of $778.30 million, a price-to-earnings ratio of 16.56 and a beta of 0.84.

Institutional Investors Weigh In On ProShares Russell 2000 Dividend Growers ETF

A number of institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC acquired a new position in ProShares Russell 2000 Dividend Growers ETF in the fourth quarter valued at about $28,000. Cornerstone Planning Group LLC bought a new stake in ProShares Russell 2000 Dividend Growers ETF in the 4th quarter valued at approximately $37,000. Advisory Services Network LLC acquired a new stake in shares of ProShares Russell 2000 Dividend Growers ETF in the third quarter valued at approximately $37,000. Franklin Resources Inc. acquired a new position in ProShares Russell 2000 Dividend Growers ETF during the second quarter worth $48,000. Finally, Kestra Advisory Services LLC bought a new position in ProShares Russell 2000 Dividend Growers ETF in the fourth quarter valued at $186,000.

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.