ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL) Reaches New 52-Week High – What’s Next?

ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS:REGL) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $95.55 and last traded at $95.55, with a volume of 7519 shares trading hands. The stock had previously closed at $94.18.

ProShares S&P MidCap 400 Dividend Aristocrats ETF Trading Up 1.6%

The firm’s 50 day simple moving average is $90.57 and its 200 day simple moving average is $89.68. The firm has a market cap of $2.09 billion, a PE ratio of 16.11 and a beta of 0.80.

Hedge Funds 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 the company. Garton & Associates Financial Advisors LLC purchased a new position in ProShares S&P MidCap 400 Dividend Aristocrats ETF during the 4th quarter valued at approximately $50,000. Ascentis Independent Advisors bought a new position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF during the 1st quarter valued at approximately $70,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF by 410.8% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,037 shares of the company’s stock valued at $89,000 after acquiring an additional 834 shares during the last quarter. Sunbelt Securities Inc. purchased a new position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF in the third quarter valued at $117,000. Finally, Captrust Financial Advisors purchased a new position in shares of ProShares S&P MidCap 400 Dividend Aristocrats ETF in the second quarter valued at $209,000.

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.