ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL) Sets New 52-Week High – Here’s Why

ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL) hit a new 52-week high on Monday . The company traded as high as $80.93 and last traded at $80.30, with a volume of 26770 shares traded. The stock had previously closed at $81.13.

ProShares S&P MidCap 400 Dividend Aristocrats ETF Stock Performance

The business has a 50 day moving average of $79.75 and a two-hundred day moving average of $77.23. The stock has a market capitalization of $1.65 billion, a PE ratio of 17.56 and a beta of 0.84.

Institutional Investors Weigh In On ProShares S&P MidCap 400 Dividend Aristocrats ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REGL. Russell Investments Group Ltd. purchased a new stake in ProShares S&P MidCap 400 Dividend Aristocrats ETF in the first quarter valued at about $30,000. Cutter & CO Brokerage Inc. purchased a new position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF in the first quarter worth about $228,000. S.A. Mason LLC raised its stake in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF by 92.5% in the first quarter. S.A. Mason LLC now owns 3,840 shares of the company’s stock worth $302,000 after purchasing an additional 1,845 shares during the last quarter. Pathway Financial Advisers LLC raised its stake in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF by 6.1% in the second quarter. Pathway Financial Advisers LLC now owns 6,144 shares of the company’s stock worth $451,000 after purchasing an additional 355 shares during the last quarter. Finally, Heritage Wealth Management Inc. purchased a new position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF in the second quarter worth about $459,000.

About ProShares S&P MidCap 400 Dividend Aristocrats ETF

The ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) is an exchange-traded fund that is based on the S&P MidCap 400 Dividend Aristocrats index. The fund tracks an equal-weighted index of mid-cap companies that have increased their dividends for at least 15-consecutive years. REGL was launched on Feb 5, 2015 and is managed by ProShares.