LPL Financial LLC Raises Position in ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)

LPL Financial LLC boosted its position in shares of ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 263,225 shares of the company’s stock after buying an additional 2,430 shares during the period. LPL Financial LLC owned 2.57% of ProShares Russell 2000 Dividend Growers ETF worth $17,265,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in SMDV. Tower Research Capital LLC TRC acquired a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the 4th quarter worth approximately $63,000. Waverly Advisors LLC lifted its position in ProShares Russell 2000 Dividend Growers ETF by 13.5% during the fourth quarter. Waverly Advisors LLC now owns 3,662 shares of the company’s stock worth $248,000 after buying an additional 436 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in ProShares Russell 2000 Dividend Growers ETF during the fourth quarter worth $360,000. Two Sigma Securities LLC acquired a new position in ProShares Russell 2000 Dividend Growers ETF during the fourth quarter worth $404,000. Finally, Dynamic Advisor Solutions LLC grew its holdings in ProShares Russell 2000 Dividend Growers ETF by 8.2% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 7,715 shares of the company’s stock valued at $506,000 after buying an additional 584 shares in the last quarter.

ProShares Russell 2000 Dividend Growers ETF Stock Down 2.3%

Shares of SMDV opened at $65.17 on Wednesday. ProShares Russell 2000 Dividend Growers ETF has a 52-week low of $57.98 and a 52-week high of $76.90. The stock has a fifty day simple moving average of $65.47 and a two-hundred day simple moving average of $65.68. The company has a market capitalization of $654.26 million, a PE ratio of 16.56 and a beta of 0.84.

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.