ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Reaches New 12-Month High at $66.05

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)’s stock price reached a new 52-week high on Monday . The company traded as high as $66.05 and last traded at $65.06, with a volume of 44124 shares trading hands. The stock had previously closed at $65.93.

ProShares Russell 2000 Dividend Growers ETF Stock Down 0.3 %

The firm’s fifty day moving average price is $64.60 and its 200-day moving average price is $63.13. The stock has a market cap of $803.37 million, a P/E ratio of 15.39 and a beta of 0.96.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Key Financial Inc grew its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 342.7% in the second quarter. Key Financial Inc now owns 549 shares of the company’s stock worth $34,000 after acquiring an additional 425 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in ProShares Russell 2000 Dividend Growers ETF during the 4th quarter valued at about $41,000. Anson Capital Inc. purchased a new position in ProShares Russell 2000 Dividend Growers ETF in the first quarter worth about $201,000. Palisade Asset Management LLC bought a new position in shares of ProShares Russell 2000 Dividend Growers ETF in the fourth quarter worth approximately $202,000. Finally, J.W. Cole Advisors Inc. purchased a new stake in shares of ProShares Russell 2000 Dividend Growers ETF during the fourth quarter valued at approximately $216,000.

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.