ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Reaches New 52-Week High – Should You Buy?

Shares of ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $78.33 and last traded at $78.30, with a volume of 20630 shares. The stock had previously closed at $76.87.

ProShares Russell 2000 Dividend Growers ETF Trading Up 2.5%

The firm has a market capitalization of $791.35 million, a PE ratio of 16.56 and a beta of 0.84. The firm’s fifty day moving average price is $74.06 and its 200 day moving average price is $71.78.

Institutional Trading of ProShares Russell 2000 Dividend Growers ETF

A number of institutional investors have recently added to or reduced their stakes in SMDV. Sound Income Strategies LLC acquired a new stake in shares of ProShares Russell 2000 Dividend Growers ETF in the 4th quarter valued at $28,000. Cornerstone Planning Group LLC acquired a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the 4th quarter valued at about $37,000. Advisory Services Network LLC acquired a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the 3rd quarter valued at about $37,000. Franklin Resources Inc. bought a new position in shares of ProShares Russell 2000 Dividend Growers ETF in the 2nd quarter valued at approximately $48,000. Finally, Kestra Advisory Services LLC acquired a new stake in ProShares Russell 2000 Dividend Growers ETF in the 4th quarter worth approximately $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.