ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Hits New 1-Year High at $60.98

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) shares hit a new 52-week high during trading on Monday . The company traded as high as $60.98 and last traded at $61.19, with a volume of 55946 shares trading hands. The stock had previously closed at $60.90.

ProShares Russell 2000 Dividend Growers ETF Stock Performance

The firm has a market capitalization of $761.37 million, a P/E ratio of 15.56 and a beta of 1.00. The company has a 50-day moving average price of $61.83 and a 200-day moving average price of $60.68.

Hedge Funds Weigh In On ProShares Russell 2000 Dividend Growers ETF

Several hedge funds have recently modified their holdings of SMDV. PNC Financial Services Group Inc. bought a new stake in shares of ProShares Russell 2000 Dividend Growers ETF during the fourth quarter worth approximately $41,000. GPS Wealth Strategies Group LLC raised its position in ProShares Russell 2000 Dividend Growers ETF by 15.4% during the third quarter. GPS Wealth Strategies Group LLC now owns 2,025 shares of the company’s stock valued at $115,000 after purchasing an additional 270 shares in the last quarter. Anchor Investment Management LLC acquired a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the fourth quarter worth $124,000. Palisade Asset Management LLC acquired a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the fourth quarter worth $202,000. Finally, J.W. Cole Advisors Inc. bought a new stake in shares of ProShares Russell 2000 Dividend Growers ETF in the fourth quarter worth $216,000.

About ProShares Russell 2000 Dividend Growers ETF

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.