ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Hits New 52-Week High at $58.93

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)’s stock price reached a new 52-week high on Monday . The company traded as high as $58.93 and last traded at $58.50, with a volume of 44447 shares traded. The stock had previously closed at $58.56.

ProShares Russell 2000 Dividend Growers ETF Stock Performance

The stock has a 50-day moving average of $60.54 and a two-hundred day moving average of $60.02. The company has a market cap of $800.87 million, a P/E ratio of 16.60 and a beta of 0.78.

Institutional Trading of ProShares Russell 2000 Dividend Growers ETF

A number of hedge funds have recently bought and sold shares of SMDV. Capital Investment Advisors LLC lifted its position in ProShares Russell 2000 Dividend Growers ETF by 8.8% in the 1st quarter. Capital Investment Advisors LLC now owns 1,602,150 shares of the company’s stock worth $97,795,000 after buying an additional 129,895 shares during the last quarter. Morgan Stanley lifted its position in ProShares Russell 2000 Dividend Growers ETF by 8.0% in the fourth quarter. Morgan Stanley now owns 1,725,565 shares of the company’s stock valued at $105,898,000 after purchasing an additional 127,755 shares during the last quarter. Bank of America Corp DE lifted its position in ProShares Russell 2000 Dividend Growers ETF by 30.4% in the fourth quarter. Bank of America Corp DE now owns 321,171 shares of the company’s stock valued at $19,710,000 after purchasing an additional 74,840 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in ProShares Russell 2000 Dividend Growers ETF by 46.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 231,070 shares of the company’s stock valued at $14,180,000 after purchasing an additional 73,056 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in ProShares Russell 2000 Dividend Growers ETF in the second quarter valued at approximately $3,815,000.

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.