ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL) Reaches New 52-Week High – Here’s Why

Shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL) reached a new 52-week high during trading on Monday . The stock traded as high as $85.85 and last traded at $85.53, with a volume of 36086 shares. The stock had previously closed at $84.39.

ProShares S&P MidCap 400 Dividend Aristocrats ETF Trading Down 0.3 %

The company has a market cap of $1.73 billion, a PE ratio of 17.56 and a beta of 0.84. The company’s 50 day moving average is $81.50 and its 200 day moving average is $78.29.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Heritage Wealth Management Inc. purchased a new position in ProShares S&P MidCap 400 Dividend Aristocrats ETF during the 2nd quarter valued at about $459,000. Russell Investments Group Ltd. bought a new stake in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF in the 1st quarter valued at about $30,000. Beam Wealth Advisors Inc. bought a new stake in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF in the 2nd quarter valued at about $763,000. Pathway Financial Advisers LLC bought a new stake in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF in the 1st quarter valued at about $455,000. Finally, Cutter & CO Brokerage Inc. bought a new stake in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF in the 3rd quarter valued at about $220,000.

About ProShares S&P MidCap 400 Dividend Aristocrats ETF

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.