ProShares Russell 2000 Dividend Growers ETF $SMDV Shares Sold by WBI Investments LLC

WBI Investments LLC decreased its position in shares of ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) by 60.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 16,301 shares of the company’s stock after selling 24,674 shares during the quarter. WBI Investments LLC’s holdings in ProShares Russell 2000 Dividend Growers ETF were worth $1,069,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in SMDV. Integrity Alliance LLC. acquired a new position in ProShares Russell 2000 Dividend Growers ETF during the first quarter worth approximately $232,000. Waverly Advisors LLC increased its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 13.5% in the fourth quarter. Waverly Advisors LLC now owns 3,662 shares of the company’s stock valued at $248,000 after purchasing an additional 436 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of ProShares Russell 2000 Dividend Growers ETF in the fourth quarter valued at approximately $360,000. Dynamic Advisor Solutions LLC increased its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 8.2% in the first quarter. Dynamic Advisor Solutions LLC now owns 7,715 shares of the company’s stock valued at $506,000 after purchasing an additional 584 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 24.5% in the first quarter. Creative Financial Designs Inc. ADV now owns 8,346 shares of the company’s stock valued at $547,000 after purchasing an additional 1,641 shares during the period.

ProShares Russell 2000 Dividend Growers ETF Trading Up 1.1%

BATS:SMDV opened at $67.46 on Thursday. The firm has a market cap of $677.30 million, a P/E ratio of 16.56 and a beta of 0.84. The stock’s 50 day simple moving average is $66.83 and its 200-day simple moving average is $65.38. ProShares Russell 2000 Dividend Growers ETF has a 12-month low of $57.98 and a 12-month high of $76.90.

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.