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 hit a new 52-week high during trading on Thursday . The company traded as high as $79.53 and last traded at $79.24, with a volume of 10810 shares trading hands. The stock had previously closed at $79.12.

ProShares Russell 2000 Dividend Growers ETF Price Performance

The company has a market cap of $798.48 million, a PE ratio of 16.56 and a beta of 0.84. The business has a 50 day moving average of $75.92 and a 200 day moving average of $72.87.

Institutional Investors Weigh In On ProShares Russell 2000 Dividend Growers ETF

Several institutional investors and hedge funds have recently modified their holdings of SMDV. Sound Income Strategies LLC purchased a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the fourth quarter valued at about $28,000. Cornerstone Planning Group LLC bought a new position in ProShares Russell 2000 Dividend Growers ETF in the fourth quarter worth about $37,000. Advisory Services Network LLC purchased a new stake in ProShares Russell 2000 Dividend Growers ETF in the third quarter worth about $37,000. Franklin Resources Inc. purchased a new stake in ProShares Russell 2000 Dividend Growers ETF in the second quarter worth about $48,000. Finally, Kestra Advisory Services LLC bought a new stake in ProShares Russell 2000 Dividend Growers ETF during the 4th quarter valued at 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.