Envestnet Asset Management Inc. Sells 30,385 Shares of ProShares Russell 2000 Dividend Growers ETF $SMDV

Envestnet Asset Management Inc. lowered its stake in ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) by 41.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,613 shares of the company’s stock after selling 30,385 shares during the quarter. Envestnet Asset Management Inc. owned about 0.42% of ProShares Russell 2000 Dividend Growers ETF worth $2,840,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. New England Private Wealth Advisors LLC bought a new position in ProShares Russell 2000 Dividend Growers ETF during the second quarter valued at approximately $1,964,000. L.M. Kohn & Company raised its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 13.6% during the 2nd quarter. L.M. Kohn & Company now owns 9,789 shares of the company’s stock worth $637,000 after acquiring an additional 1,174 shares in the last quarter. Smith Moore & CO. raised its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 3.3% during the 2nd quarter. Smith Moore & CO. now owns 55,164 shares of the company’s stock worth $3,589,000 after acquiring an additional 1,768 shares in the last quarter. Legacy Trust bought a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the 3rd quarter valued at approximately $259,000. Finally, Commonwealth Equity Services LLC grew its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 0.6% in the third quarter. Commonwealth Equity Services LLC now owns 94,670 shares of the company’s stock valued at $6,309,000 after purchasing an additional 553 shares in the last quarter.

ProShares Russell 2000 Dividend Growers ETF Stock Up 0.3%

ProShares Russell 2000 Dividend Growers ETF stock opened at $72.57 on Thursday. ProShares Russell 2000 Dividend Growers ETF has a 52-week low of $57.98 and a 52-week high of $74.43. The firm’s fifty day moving average is $70.14 and its 200 day moving average is $67.94. The company has a market cap of $728.60 million, a price-to-earnings 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.