ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) Stock Pass Above Two Hundred Day Moving Average – Here’s Why

Shares of ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $75.26 and traded as high as $78.65. ProShares S&P Technology Dividend Aristocrats ETF shares last traded at $78.25, with a volume of 6,088 shares traded.

ProShares S&P Technology Dividend Aristocrats ETF Stock Performance

The company has a market capitalization of $305.18 million, a price-to-earnings ratio of 23.63 and a beta of 1.14. The company has a 50 day moving average price of $76.86 and a 200 day moving average price of $75.26.

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

A number of institutional investors and hedge funds have recently bought and sold shares of TDV. Coston McIsaac & Partners increased its stake in ProShares S&P Technology Dividend Aristocrats ETF by 44.6% in the third quarter. Coston McIsaac & Partners now owns 18,166 shares of the company’s stock valued at $1,400,000 after acquiring an additional 5,600 shares during the last quarter. Valeo Financial Advisors LLC purchased a new position in shares of ProShares S&P Technology Dividend Aristocrats ETF in the 3rd quarter worth about $348,000. Finally, ORG Partners LLC bought a new position in shares of ProShares S&P Technology Dividend Aristocrats ETF during the 2nd quarter valued at about $413,000.

ProShares S&P Technology Dividend Aristocrats ETF Company Profile

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.