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 during mid-day trading on Tuesday . The stock traded as high as $81.81 and last traded at $83.63, with a volume of 53109 shares trading hands. The stock had previously closed at $80.21.

ProShares S&P MidCap 400 Dividend Aristocrats ETF Trading Up 4.3 %

The stock has a market capitalization of $1.70 billion, a P/E ratio of 17.56 and a beta of 0.84. The firm’s fifty day moving average is $83.40 and its 200-day moving average is $81.44.

ProShares S&P MidCap 400 Dividend Aristocrats ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.6061 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Hedge Funds Weigh In On ProShares S&P MidCap 400 Dividend Aristocrats ETF

Several institutional investors have recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC increased its position in ProShares S&P MidCap 400 Dividend Aristocrats ETF by 6.1% in the 2nd quarter. Pathway Financial Advisers LLC now owns 6,144 shares of the company’s stock valued at $451,000 after acquiring an additional 355 shares in the last quarter. Heritage Wealth Management Inc. acquired a new stake in ProShares S&P MidCap 400 Dividend Aristocrats ETF in the 2nd quarter valued at about $459,000. Cutter & CO Brokerage Inc. acquired a new stake in ProShares S&P MidCap 400 Dividend Aristocrats ETF in the 3rd quarter valued at about $220,000. S.A. Mason LLC increased its position in ProShares S&P MidCap 400 Dividend Aristocrats ETF by 7.2% in the 3rd quarter. S.A. Mason LLC now owns 5,345 shares of the company’s stock valued at $437,000 after acquiring an additional 358 shares in the last quarter. Finally, United Advisor Group LLC increased its position in ProShares S&P MidCap 400 Dividend Aristocrats ETF by 16.8% in the 3rd quarter. United Advisor Group LLC now owns 40,385 shares of the company’s stock valued at $3,303,000 after acquiring an additional 5,798 shares in the last quarter.

ProShares S&P MidCap 400 Dividend Aristocrats ETF Company Profile

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.