ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Hits New 12-Month High – Should You Buy?

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $68.28 and last traded at $69.18, with a volume of 20521 shares changing hands. The stock had previously closed at $66.71.

ProShares Russell 2000 Dividend Growers ETF Price Performance

The company has a market cap of $831.92 million, a P/E ratio of 15.39 and a beta of 0.96. The company’s 50-day moving average is $70.57 and its two-hundred day moving average is $69.19.

ProShares Russell 2000 Dividend Growers ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.5398 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On ProShares Russell 2000 Dividend Growers ETF

Several institutional investors have recently modified their holdings of SMDV. Trueblood Wealth Management LLC lifted its stake in ProShares Russell 2000 Dividend Growers ETF by 1.3% during the 4th quarter. Trueblood Wealth Management LLC now owns 15,481 shares of the company’s stock valued at $1,048,000 after acquiring an additional 192 shares during the period. Atlas Brown Inc. boosted its holdings in ProShares Russell 2000 Dividend Growers ETF by 4.0% in the fourth quarter. Atlas Brown Inc. now owns 6,108 shares of the company’s stock worth $413,000 after purchasing an additional 236 shares during the last quarter. United Asset Strategies Inc. lifted its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 1.5% during the 4th quarter. United Asset Strategies Inc. now owns 17,217 shares of the company’s stock valued at $1,165,000 after buying an additional 261 shares during the period. Creative Financial Designs Inc. ADV increased its position in ProShares Russell 2000 Dividend Growers ETF by 11.4% during the third quarter. Creative Financial Designs Inc. ADV now owns 2,912 shares of the company’s stock valued at $202,000 after acquiring an additional 298 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 2.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 11,776 shares of the company’s stock worth $797,000 after purchasing an additional 321 shares during the period.

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.