ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) Stock Price Down 1.9% – Time to Sell?

ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV)’s share price traded down 1.9% during trading on Monday . The company traded as low as $74.68 and last traded at $74.81. 11,931 shares changed hands during mid-day trading, The stock had previously closed at $76.27.

ProShares S&P Technology Dividend Aristocrats ETF Stock Up 1.2 %

The stock has a market cap of $295.07 million, a P/E ratio of 23.63 and a beta of 1.14. The company has a 50-day simple moving average of $77.04 and a two-hundred day simple moving average of $76.04.

ProShares S&P Technology Dividend Aristocrats ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.2183 per share. The ex-dividend date was Monday, December 23rd.

Institutional Investors Weigh In On ProShares S&P Technology Dividend Aristocrats ETF

A number of large investors have recently added to or reduced their stakes in TDV. Coston McIsaac & Partners raised its stake in shares of ProShares S&P Technology Dividend Aristocrats ETF by 44.6% during the third quarter. Coston McIsaac & Partners now owns 18,166 shares of the company’s stock valued at $1,400,000 after acquiring an additional 5,600 shares during the last quarter. Valeo Financial Advisors LLC purchased a new position in ProShares S&P Technology Dividend Aristocrats ETF during the 3rd quarter valued at about $348,000. Finally, JPMorgan Chase & Co. raised its position in ProShares S&P Technology Dividend Aristocrats ETF by 21.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,610 shares of the company’s stock valued at $278,000 after purchasing an additional 647 shares during the last quarter.

About ProShares S&P Technology Dividend Aristocrats ETF

The ProShares S&P Technology Dividend Aristocrats ETF (TDV) is an exchange-traded fund that is based on the S&P Technology Dividend Aristocrats index. The fund tracks an equal-weighted index of U.S. technology companies that have dividend growth of at least 7 years. TDV was launched on Nov 5, 2019 and is managed by ProShares.