ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Hits New 1-Year High – What’s Next?

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) reached a new 52-week high on Wednesday . The stock traded as high as $68.28 and last traded at $69.18, with a volume of 20521 shares trading hands. The stock had previously closed at $66.71.

ProShares Russell 2000 Dividend Growers ETF Price Performance

The company has a 50 day moving average of $70.57 and a two-hundred day moving average of $69.19. The company has a market capitalization of $831.92 million, a PE ratio of 15.39 and a beta of 0.96.

ProShares Russell 2000 Dividend Growers ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.5398 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SMDV. Creative Financial Designs Inc. ADV lifted its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 11.4% during the third quarter. Creative Financial Designs Inc. ADV now owns 2,912 shares of the company’s stock valued at $202,000 after purchasing an additional 298 shares during the last quarter. Palisade Asset Management LLC purchased a new position in ProShares Russell 2000 Dividend Growers ETF during the third quarter valued at $215,000. CWC Advisors LLC. bought a new stake in ProShares Russell 2000 Dividend Growers ETF in the third quarter worth $225,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of ProShares Russell 2000 Dividend Growers ETF in the fourth quarter worth $250,000. Finally, Heritage Wealth Management Inc. bought a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the second quarter valued at $294,000.

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.