ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Stock Price Down 0.3% – Here’s Why

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)’s stock price traded down 0.3% during trading on Thursday . The stock traded as low as $72.71 and last traded at $72.71. 8,161 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 19,289 shares. The stock had previously closed at $72.90.

ProShares Russell 2000 Dividend Growers ETF Price Performance

The firm has a market capitalization of $731.01 million, a price-to-earnings ratio of 16.56 and a beta of 0.84. The firm has a 50 day moving average price of $70.70 and a 200-day moving average price of $69.18.

Hedge Funds Weigh In On ProShares Russell 2000 Dividend Growers ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC boosted its position in shares of ProShares Russell 2000 Dividend Growers ETF by 248.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 23,622 shares of the company’s stock worth $1,600,000 after acquiring an additional 16,851 shares in the last quarter. MAI Capital Management lifted its stake in ProShares Russell 2000 Dividend Growers ETF by 27.3% during the third quarter. MAI Capital Management now owns 2,925 shares of the company’s stock worth $195,000 after purchasing an additional 628 shares during the last quarter. Lion Street Advisors LLC boosted its holdings in ProShares Russell 2000 Dividend Growers ETF by 148.0% in the third quarter. Lion Street Advisors LLC now owns 7,766 shares of the company’s stock valued at $498,000 after purchasing an additional 4,634 shares in the last quarter. ForthRight Wealth Management LLC boosted its holdings in ProShares Russell 2000 Dividend Growers ETF by 1.2% in the third quarter. ForthRight Wealth Management LLC now owns 86,438 shares of the company’s stock valued at $5,760,000 after purchasing an additional 1,043 shares in the last quarter. Finally, Anson Capital Inc. increased its stake in ProShares Russell 2000 Dividend Growers ETF by 7.4% in the third quarter. Anson Capital Inc. now owns 3,845 shares of the company’s stock valued at $256,000 after purchasing an additional 266 shares during the last quarter.

ProShares Russell 2000 Dividend Growers ETF Company Profile

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.