ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Sets New 52-Week High – Here’s Why

Shares of ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) reached a new 52-week high on Wednesday . The stock traded as high as $74.45 and last traded at $74.45, with a volume of 8697 shares. The stock had previously closed at $73.70.

ProShares Russell 2000 Dividend Growers ETF Stock Up 0.7%

The firm has a fifty day simple moving average of $71.86 and a 200-day simple moving average of $70.21. The company has a market capitalization of $744.97 million, a P/E ratio of 16.56 and a beta of 0.84.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. UBS Group AG increased its holdings in ProShares Russell 2000 Dividend Growers ETF by 9.0% during the 3rd quarter. UBS Group AG now owns 412,095 shares of the company’s stock worth $27,462,000 after purchasing an additional 34,111 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 72.8% during the second quarter. Ameriprise Financial Inc. now owns 44,356 shares of the company’s stock worth $2,886,000 after buying an additional 18,690 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in ProShares Russell 2000 Dividend Growers ETF by 248.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 23,622 shares of the company’s stock valued at $1,600,000 after buying an additional 16,851 shares during the last quarter. Goldman Sachs Group Inc. raised its position in ProShares Russell 2000 Dividend Growers ETF by 100.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 23,045 shares of the company’s stock valued at $1,523,000 after buying an additional 11,570 shares during the last quarter. Finally, Fifth Third Bancorp bought a new stake in ProShares Russell 2000 Dividend Growers ETF in the 1st quarter valued at approximately $682,000.

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.