ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) Stock Price Up 1.1% – Here’s Why

Shares of ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) were up 1.1% on Tuesday . The company traded as high as $90.25 and last traded at $89.49. Approximately 14,778 shares were traded during trading, an increase of 90% from the average daily volume of 7,772 shares. The stock had previously closed at $88.55.

ProShares S&P Technology Dividend Aristocrats ETF Price Performance

The firm’s 50 day moving average is $89.18 and its 200 day moving average is $87.24. The company has a market cap of $274.73 million, a PE ratio of 28.94 and a beta of 1.08.

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

Several hedge funds have recently added to or reduced their stakes in TDV. Janney Montgomery Scott LLC grew its stake in shares of ProShares S&P Technology Dividend Aristocrats ETF by 8.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,322 shares of the company’s stock valued at $894,000 after buying an additional 815 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in ProShares S&P Technology Dividend Aristocrats ETF by 231.8% during the 3rd quarter. NewEdge Advisors LLC now owns 28,610 shares of the company’s stock valued at $2,475,000 after acquiring an additional 19,988 shares during the period. Coston McIsaac & Partners grew its position in ProShares S&P Technology Dividend Aristocrats ETF by 10.0% during the 3rd quarter. Coston McIsaac & Partners now owns 27,210 shares of the company’s stock worth $2,352,000 after acquiring an additional 2,481 shares during the last quarter. AMJ Financial Wealth Management grew its position in ProShares S&P Technology Dividend Aristocrats ETF by 1.6% during the 3rd quarter. AMJ Financial Wealth Management now owns 10,826 shares of the company’s stock worth $936,000 after acquiring an additional 173 shares during the last quarter. Finally, Rossby Financial LCC purchased a new position in ProShares S&P Technology Dividend Aristocrats ETF in the 4th quarter worth approximately $427,000.

About ProShares S&P Technology Dividend Aristocrats ETF

The ProShares S&P Technology Dividend Aristocrats ETF (TDV) is an exchange-traded fund that is based on the S&P Technology Dividend Aristocrats index. The fund tracks an equal-weighted index of U.S. technology companies that have dividend growth of at least 7 years. TDV was launched on Nov 5, 2019 and is managed by ProShares.