Royal Capital Wealth Management LLC Cuts Stock Position in ProShares Russell 2000 Dividend Growers ETF $SMDV

Royal Capital Wealth Management LLC lessened its stake in shares of ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV – Free Report) by 3.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,409 shares of the company’s stock after selling 420 shares during the quarter. Royal Capital Wealth Management LLC’s holdings in ProShares Russell 2000 Dividend Growers ETF were worth $814,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SMDV. Envestnet Asset Management Inc. raised its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 336.1% during the first quarter. Envestnet Asset Management Inc. now owns 54,862 shares of the company’s stock worth $3,598,000 after purchasing an additional 42,281 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in ProShares Russell 2000 Dividend Growers ETF in the fourth quarter worth $360,000. United Advisor Group LLC raised its position in ProShares Russell 2000 Dividend Growers ETF by 11.9% in the fourth quarter. United Advisor Group LLC now owns 46,125 shares of the company’s stock worth $3,121,000 after acquiring an additional 4,893 shares in the last quarter. Baird Financial Group Inc. raised its position in ProShares Russell 2000 Dividend Growers ETF by 2.9% in the fourth quarter. Baird Financial Group Inc. now owns 124,819 shares of the company’s stock worth $8,447,000 after acquiring an additional 3,535 shares in the last quarter. Finally, WBI Investments LLC raised its position in ProShares Russell 2000 Dividend Growers ETF by 8.6% in the fourth quarter. WBI Investments LLC now owns 40,975 shares of the company’s stock worth $2,773,000 after acquiring an additional 3,262 shares in the last quarter.

ProShares Russell 2000 Dividend Growers ETF Stock Performance

BATS:SMDV opened at $68.72 on Friday. The stock has a fifty day moving average price of $66.74 and a two-hundred day moving average price of $65.47. The stock has a market capitalization of $689.95 million, a price-to-earnings ratio of 16.56 and a beta of 0.84. ProShares Russell 2000 Dividend Growers ETF has a 1 year low of $57.98 and a 1 year high of $76.90.

ProShares Russell 2000 Dividend Growers ETF Profile

(Free Report)

The ProShares Russell 2000 Dividend Growers ETF (SMDV) is an exchange-traded fund that is based on the Russell 2000 Dividend Growth index. The fund tracks an index of US small-cap stocks with a 10-year record of increasing dividends. Stocks are equally weighted. SMDV was launched on Feb 5, 2015 and is managed by ProShares.

Recommended Stories

• Five stocks we like better than ProShares Russell 2000 Dividend Growers ETF
• How to Know if a Stock Pays Dividends and When They Are Paid Out
• Silver and Gold Break Out—3 Names to Ride The Wave
• TSX Venture Exchange (Formerly Canadian Venture Exchange)
• MarketBeat Week in Review – 09/01 – 09/05
• What does consumer price index measure?
• Why DocuSign Could Be a SaaS Value Play After Q2 Earnings

Want to see what other hedge funds are holding SMDV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV – Free Report).