ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) Shares Down 1.5%

ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) dropped 1.5% during mid-day trading on Tuesday . The company traded as low as $75.60 and last traded at $75.92. Approximately 10,345 shares traded hands during trading, The stock had previously closed at $77.07.

ProShares S&P Technology Dividend Aristocrats ETF Stock Down 1.5 %

The company has a market capitalization of $296.11 million, a P/E ratio of 23.63 and a beta of 1.14. The stock has a fifty day simple moving average of $74.55 and a 200-day simple moving average of $73.38.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC raised its holdings in shares of ProShares S&P Technology Dividend Aristocrats ETF by 4.0% in the first quarter. Janney Montgomery Scott LLC now owns 12,320 shares of the company’s stock valued at $887,000 after buying an additional 472 shares during the last quarter. Coston McIsaac & Partners raised its holdings in shares of ProShares S&P Technology Dividend Aristocrats ETF by 160.2% in the first quarter. Coston McIsaac & Partners now owns 8,096 shares of the company’s stock valued at $582,000 after buying an additional 4,984 shares during the last quarter. ORG Partners LLC bought a new position in shares of ProShares S&P Technology Dividend Aristocrats ETF in the second quarter valued at about $413,000. Dearborn Partners LLC raised its holdings in shares of ProShares S&P Technology Dividend Aristocrats ETF by 9.6% in the first quarter. Dearborn Partners LLC now owns 3,533 shares of the company’s stock valued at $254,000 after buying an additional 310 shares during the last quarter. Finally, ICA Group Wealth Management LLC bought a new position in shares of ProShares S&P Technology Dividend Aristocrats ETF in the fourth quarter valued at about $32,000.

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.