ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Reaches New 12-Month High at $62.03

Shares of ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) reached a new 52-week high on Monday . The stock traded as high as $62.03 and last traded at $61.69, with a volume of 42585 shares traded. The stock had previously closed at $61.47.

ProShares Russell 2000 Dividend Growers ETF Stock Up 0.4 %

The stock has a fifty day moving average price of $61.84 and a two-hundred day moving average price of $60.80. The company has a market cap of $758.17 million, a price-to-earnings ratio of 15.56 and a beta of 1.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. acquired a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the 4th quarter worth $41,000. GPS Wealth Strategies Group LLC lifted its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 15.4% in the third quarter. GPS Wealth Strategies Group LLC now owns 2,025 shares of the company’s stock worth $115,000 after acquiring an additional 270 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in shares of ProShares Russell 2000 Dividend Growers ETF in the 4th quarter valued at approximately $124,000. Palisade Asset Management LLC acquired a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the fourth quarter worth $202,000. Finally, J.W. Cole Advisors Inc. acquired a new stake in ProShares Russell 2000 Dividend Growers ETF in the fourth quarter valued at $216,000.

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.