ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Hits New 12-Month High at $67.00

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $67.00 and last traded at $66.70, with a volume of 31841 shares trading hands. The stock had previously closed at $66.88.

ProShares Russell 2000 Dividend Growers ETF Price Performance

The firm’s fifty day moving average price is $66.97 and its 200-day moving average price is $63.91. The firm has a market capitalization of $813.68 million, a P/E ratio of 15.39 and a beta of 0.96.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SMDV. Key Financial Inc boosted its holdings 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 valued at $34,000 after acquiring an additional 425 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in ProShares Russell 2000 Dividend Growers ETF during the fourth quarter worth approximately $41,000. Anson Capital Inc. bought a new stake in ProShares Russell 2000 Dividend Growers ETF during the first quarter worth approximately $201,000. J.W. Cole Advisors Inc. boosted its holdings in ProShares Russell 2000 Dividend Growers ETF by 8.9% during the first quarter. J.W. Cole Advisors Inc. now owns 3,623 shares of the company’s stock worth $232,000 after buying an additional 297 shares in the last quarter. Finally, Heritage Wealth Management Inc. bought a new stake in ProShares Russell 2000 Dividend Growers ETF during the second quarter worth approximately $294,000.

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.