ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Trading Up 6% – Here’s Why

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDVGet Free Report) traded up 6% during mid-day trading on Tuesday . The stock traded as high as $65.6650 and last traded at $69.1750. 28,122 shares were traded during mid-day trading, a decline of 19% from the average session volume of 34,734 shares. The stock had previously closed at $65.26.

ProShares Russell 2000 Dividend Growers ETF Price Performance

The company has a 50-day moving average price of $67.28 and a two-hundred day moving average price of $66.83. The company has a market cap of $694.52 million, a PE ratio of 16.56 and a beta of 0.84.

Hedge Funds Weigh In On ProShares Russell 2000 Dividend Growers ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ameritas Advisory Services LLC purchased a new position in shares of ProShares Russell 2000 Dividend Growers ETF in the second quarter valued at $29,000. Advisory Services Network LLC acquired a new position in ProShares Russell 2000 Dividend Growers ETF in the 3rd quarter worth $37,000. Franklin Resources Inc. acquired a new position in ProShares Russell 2000 Dividend Growers ETF in the 2nd quarter worth $48,000. Harbour Investments Inc. boosted its position in ProShares Russell 2000 Dividend Growers ETF by 2,143.0% in the 2nd quarter. Harbour Investments Inc. now owns 2,243 shares of the company’s stock valued at $146,000 after buying an additional 2,143 shares during the last quarter. Finally, Howe & Rusling Inc. grew its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 7.7% during the second quarter. Howe & Rusling Inc. now owns 2,721 shares of the company’s stock valued at $177,000 after acquiring an additional 195 shares in 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.

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