ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Hits New 12-Month High at $63.36

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) shares reached a new 52-week high on Monday . The stock traded as high as $63.36 and last traded at $63.17, with a volume of 57214 shares. The stock had previously closed at $62.75.

ProShares Russell 2000 Dividend Growers ETF Trading Up 0.6 %

The company’s 50-day moving average price is $61.95 and its two-hundred day moving average price is $61.14. The company has a market cap of $778.36 million, a P/E ratio of 15.39 and a beta of 0.96.

Institutional Investors Weigh In On ProShares Russell 2000 Dividend Growers ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Total Clarity Wealth Management Inc. increased its position in shares of ProShares Russell 2000 Dividend Growers ETF by 5.0% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 7,439 shares of the company’s stock worth $484,000 after purchasing an additional 354 shares during the last quarter. Blair William & Co. IL raised its stake in ProShares Russell 2000 Dividend Growers ETF by 29.3% during the third quarter. Blair William & Co. IL now owns 6,235 shares of the company’s stock worth $353,000 after acquiring an additional 1,414 shares during the period. Landmark Wealth Management LLC raised its stake in ProShares Russell 2000 Dividend Growers ETF by 7.8% during the fourth quarter. Landmark Wealth Management LLC now owns 42,802 shares of the company’s stock worth $2,783,000 after acquiring an additional 3,105 shares during the period. Scissortail Wealth Management LLC acquired a new stake in ProShares Russell 2000 Dividend Growers ETF during the fourth quarter worth about $299,000. Finally, Capital Investment Advisors LLC increased its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 2.5% in the fourth quarter. Capital Investment Advisors LLC now owns 1,874,360 shares of the company’s stock valued at $121,852,000 after purchasing an additional 46,504 shares during the period.

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.