ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) Shares Down 0.8% – Should You Sell?

ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) shares dropped 0.8% during mid-day trading on Wednesday . The company traded as low as $77.56 and last traded at $77.56. Approximately 4,765 shares traded hands during mid-day trading, The stock had previously closed at $78.20.

ProShares S&P Technology Dividend Aristocrats ETF Stock Performance

The business has a 50 day simple moving average of $76.50 and a 200-day simple moving average of $74.86. The firm has a market capitalization of $300.42 million, a price-to-earnings ratio of 23.63 and a beta of 1.14.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Valeo Financial Advisors LLC purchased a new stake in shares of ProShares S&P Technology Dividend Aristocrats ETF in the third quarter valued at approximately $348,000. ORG Partners LLC purchased a new stake in ProShares S&P Technology Dividend Aristocrats ETF during the second quarter worth $413,000. Janney Montgomery Scott LLC boosted its position in ProShares S&P Technology Dividend Aristocrats ETF by 4.0% during the first quarter. Janney Montgomery Scott LLC now owns 12,320 shares of the company’s stock worth $887,000 after purchasing an additional 472 shares in the last quarter. Finally, Coston McIsaac & Partners boosted its position in ProShares S&P Technology Dividend Aristocrats ETF by 44.6% during the third quarter. Coston McIsaac & Partners now owns 18,166 shares of the company’s stock worth $1,400,000 after purchasing an additional 5,600 shares in the last quarter.

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.