ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Reaches New 12-Month High – Here’s Why

Posted by Matthew Steigler on Dec 2nd, 2024

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV – Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $75.30 and last traded at $74.54, with a volume of 33618 shares traded. The stock had previously closed at $74.89.

ProShares Russell 2000 Dividend Growers ETF Trading Down 0.5 %

The firm has a market cap of $909.39 million, a price-to-earnings ratio of 15.39 and a beta of 0.96. The company’s 50-day moving average is $70.60 and its 200-day moving average is $67.34.

Institutional Trading of ProShares Russell 2000 Dividend Growers ETF

Several large investors have recently made changes to their positions in SMDV. World Investment Advisors LLC lifted its stake in ProShares Russell 2000 Dividend Growers ETF by 12.5% in the 3rd quarter. World Investment Advisors LLC now owns 7,951 shares of the company’s stock valued at $551,000 after purchasing an additional 886 shares during the last quarter. Benjamin Edwards Inc. bought a new position in ProShares Russell 2000 Dividend Growers ETF in the 3rd quarter valued at approximately $353,000. L.M. Kohn & Company lifted its stake in ProShares Russell 2000 Dividend Growers ETF by 5.8% in the 3rd quarter. L.M. Kohn & Company now owns 8,533 shares of the company’s stock valued at $591,000 after purchasing an additional 466 shares during the last quarter. Palisade Asset Management LLC bought a new position in ProShares Russell 2000 Dividend Growers ETF in the 3rd quarter valued at approximately $215,000. Finally, MWA Asset Management lifted its stake in ProShares Russell 2000 Dividend Growers ETF by 48.1% in the 3rd quarter. MWA Asset Management now owns 5,546 shares of the company’s stock valued at $384,000 after purchasing an additional 1,800 shares during the last quarter.

About ProShares Russell 2000 Dividend Growers ETF

(Get Free Report)

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.