ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) Trading Down 0.8% – Here’s What Happened

Shares of ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) were down 0.8% during trading on Wednesday . The stock traded as low as $77.56 and last traded at $77.56. Approximately 4,765 shares were traded during trading, The stock had previously closed at $78.20.

ProShares S&P Technology Dividend Aristocrats ETF Stock Performance

The stock has a market capitalization of $302.48 million, a P/E ratio of 23.63 and a beta of 1.14. The company’s fifty day simple moving average is $76.36 and its two-hundred day simple moving average is $74.82.

Hedge Funds Weigh In On ProShares S&P Technology Dividend Aristocrats ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Coston McIsaac & Partners grew its position in ProShares S&P Technology Dividend Aristocrats ETF by 44.6% during the third quarter. Coston McIsaac & Partners now owns 18,166 shares of the company’s stock valued at $1,400,000 after buying an additional 5,600 shares during the period. Valeo Financial Advisors LLC bought a new position in shares of ProShares S&P Technology Dividend Aristocrats ETF during the 3rd quarter valued at approximately $348,000. ORG Partners LLC bought a new position in shares of ProShares S&P Technology Dividend Aristocrats ETF during the 2nd quarter valued at approximately $413,000. Dearborn Partners LLC increased its stake in shares of ProShares S&P Technology Dividend Aristocrats ETF by 9.6% during the 1st quarter. Dearborn Partners LLC now owns 3,533 shares of the company’s stock worth $254,000 after purchasing an additional 310 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of ProShares S&P Technology Dividend Aristocrats ETF by 4.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 12,320 shares of the company’s stock worth $887,000 after purchasing an additional 472 shares during the period.

About ProShares S&P Technology Dividend Aristocrats ETF

The ProShares S&P Technology Dividend Aristocrats ETF (TDV) is an exchange-traded fund that is based on the S&P Technology Dividend Aristocrats index. The fund tracks an equal-weighted index of U.S. technology companies that have dividend growth of at least 7 years. TDV was launched on Nov 5, 2019 and is managed by ProShares.