Royal Bank of Canada Sells 7,340 Shares of ProShares Russell 2000 Dividend Growers ETF $SMDV

Royal Bank of Canada lessened its stake in shares of ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) by 3.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 201,555 shares of the company’s stock after selling 7,340 shares during the quarter. Royal Bank of Canada owned approximately 2.01% of ProShares Russell 2000 Dividend Growers ETF worth $13,865,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 12.1% during the first quarter. Goldman Sachs Group Inc. now owns 22,259 shares of the company’s stock valued at $1,460,000 after purchasing an additional 2,399 shares in the last quarter. Franklin Resources Inc. acquired a new position in ProShares Russell 2000 Dividend Growers ETF in the 2nd quarter valued at approximately $48,000. NewEdge Advisors LLC raised its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 8.0% during the second quarter. NewEdge Advisors LLC now owns 5,415 shares of the company’s stock valued at $352,000 after acquiring an additional 402 shares during the last quarter. Jane Street Group LLC bought a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the second quarter valued at $273,000. Finally, Ameriprise Financial Inc. raised its position in ProShares Russell 2000 Dividend Growers ETF by 72.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 44,356 shares of the company’s stock worth $2,886,000 after purchasing an additional 18,690 shares during the last quarter.

ProShares Russell 2000 Dividend Growers ETF Trading Up 0.1%

BATS SMDV opened at $78.78 on Friday. The firm has a market capitalization of $790.95 million, a PE ratio of 16.56 and a beta of 0.84. The business’s 50-day moving average price is $76.17 and its two-hundred day moving average price is $72.97. ProShares Russell 2000 Dividend Growers ETF has a 12 month low of $63.86 and a 12 month high of $79.56.

About ProShares Russell 2000 Dividend Growers ETF

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.