Pinnacle Associates Ltd. Increases Stake in ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)

Pinnacle Associates Ltd. lifted its stake in shares of ProShares Russell 2000 Dividend Growers ETF (BATS:SMDVFree Report) by 59.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,873 shares of the company’s stock after buying an additional 7,000 shares during the quarter. Pinnacle Associates Ltd. owned about 0.14% of ProShares Russell 2000 Dividend Growers ETF worth $1,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. WT Wealth Management increased its position in shares of ProShares Russell 2000 Dividend Growers ETF by 1.2% during the third quarter. WT Wealth Management now owns 13,696 shares of the company’s stock valued at $775,000 after buying an additional 168 shares during the period. United Asset Strategies Inc. increased its position in shares of ProShares Russell 2000 Dividend Growers ETF by 2.0% during the third quarter. United Asset Strategies Inc. now owns 9,516 shares of the company’s stock valued at $538,000 after buying an additional 189 shares during the period. Howe & Rusling Inc. increased its position in shares of ProShares Russell 2000 Dividend Growers ETF by 3.8% during the third quarter. Howe & Rusling Inc. now owns 5,236 shares of the company’s stock valued at $296,000 after buying an additional 190 shares during the period. Atlas Brown Inc. increased its position in shares of ProShares Russell 2000 Dividend Growers ETF by 4.0% during the fourth quarter. Atlas Brown Inc. now owns 5,369 shares of the company’s stock valued at $349,000 after buying an additional 205 shares during the period. Finally, GPS Wealth Strategies Group LLC increased its position in shares of ProShares Russell 2000 Dividend Growers ETF by 15.4% during the third quarter. GPS Wealth Strategies Group LLC now owns 2,025 shares of the company’s stock valued at $115,000 after buying an additional 270 shares during the period.

ProShares Russell 2000 Dividend Growers ETF Price Performance

Shares of BATS SMDV opened at $62.94 on Tuesday. The stock has a market capitalization of $861.65 million, a P/E ratio of 16.60 and a beta of 0.78. ProShares Russell 2000 Dividend Growers ETF has a 1 year low of $51.23 and a 1 year high of $58.30. The company’s 50-day moving average is $62.13 and its 200 day moving average is $60.30.

About ProShares Russell 2000 Dividend Growers ETF

(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.

See Also

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Institutional Ownership by Quarter for ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)

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