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

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) hit a new 52-week high on Tuesday . The stock traded as high as $75.64 and last traded at $74.61, with a volume of 19167 shares traded. The stock had previously closed at $75.13.

ProShares Russell 2000 Dividend Growers ETF Stock Down 0.7%

The company has a 50 day simple moving average of $72.31 and a two-hundred day simple moving average of $70.46. The company has a market capitalization of $749.08 million, a P/E ratio of 16.56 and a beta of 0.84.

Institutional Investors Weigh In On ProShares Russell 2000 Dividend Growers ETF

Several large investors have recently added to or reduced their stakes in SMDV. Sound Income Strategies LLC purchased a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the fourth quarter valued at approximately $28,000. Cornerstone Planning Group LLC purchased a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the fourth quarter valued at approximately $37,000. Advisory Services Network LLC purchased a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the third quarter valued at approximately $37,000. Franklin Resources Inc. purchased a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the second quarter valued at approximately $48,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the fourth quarter valued at approximately $186,000.

About ProShares Russell 2000 Dividend Growers ETF

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.