ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Reaches New 1-Year High – Here’s Why

Posted by Martin Roberts on Feb 10th, 2025

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV – Get Free Report)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $68.28 and last traded at $68.82, with a volume of 20521 shares changing hands. The stock had previously closed at $66.71.

ProShares Russell 2000 Dividend Growers ETF Trading Up 3.4 %

The company has a market capitalization of $841.25 million, a PE ratio of 15.39 and a beta of 0.96. The stock has a fifty day moving average of $69.33 and a two-hundred day moving average of $69.42.

ProShares Russell 2000 Dividend Growers ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.5398 per share. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SMDV. Mainstream Capital Management LLC purchased a new stake in ProShares Russell 2000 Dividend Growers ETF during the 4th quarter valued at $26,000. US Bancorp DE bought a new stake in shares of ProShares Russell 2000 Dividend Growers ETF in the fourth quarter worth about $27,000. Ameliora Wealth Management Ltd. purchased a new position in ProShares Russell 2000 Dividend Growers ETF during the 4th quarter valued at about $34,000. Creative Financial Designs Inc. ADV raised its position in ProShares Russell 2000 Dividend Growers ETF by 11.4% during the 3rd 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. Finally, Palisade Asset Management LLC purchased a new stake in ProShares Russell 2000 Dividend Growers ETF in the 3rd quarter worth approximately $215,000.

About ProShares Russell 2000 Dividend Growers ETF

(Get Free Report)

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.