ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL) Reaches New 1-Year High – Still a Buy?

Shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL) hit a new 52-week high on Monday . The company traded as high as $85.05 and last traded at $84.72, with a volume of 74327 shares. The stock had previously closed at $84.33.

ProShares S&P MidCap 400 Dividend Aristocrats ETF Stock Performance

The stock’s 50 day simple moving average is $82.04 and its 200-day simple moving average is $78.60. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 17.56 and a beta of 0.84.

Institutional Investors Weigh In On ProShares S&P MidCap 400 Dividend Aristocrats ETF

A number of institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. purchased a new position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF during the 1st quarter valued at approximately $30,000. Pathway Financial Advisers LLC acquired a new stake in ProShares S&P MidCap 400 Dividend Aristocrats ETF in the 1st quarter valued at about $455,000. S.A. Mason LLC grew its stake in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF by 29.9% in the 2nd quarter. S.A. Mason LLC now owns 4,987 shares of the company’s stock valued at $367,000 after buying an additional 1,147 shares during the period. Beam Wealth Advisors Inc. purchased a new stake in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF in the 2nd quarter valued at approximately $763,000. Finally, Heritage Wealth Management Inc. acquired a new position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF in the 2nd quarter worth approximately $459,000.

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.