Dynamic Advisor Solutions LLC Has $506,000 Holdings in ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)

Dynamic Advisor Solutions LLC increased its holdings in shares of ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) by 8.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 7,715 shares of the company’s stock after acquiring an additional 584 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in ProShares Russell 2000 Dividend Growers ETF were worth $506,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. New England Private Wealth Advisors LLC raised its stake in ProShares Russell 2000 Dividend Growers ETF by 0.6% during the 4th quarter. New England Private Wealth Advisors LLC now owns 30,024 shares of the company’s stock worth $2,032,000 after buying an additional 182 shares during the period. Smith Moore & CO. raised its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 0.4% in the 4th quarter. Smith Moore & CO. now owns 53,489 shares of the company’s stock valued at $3,620,000 after purchasing an additional 229 shares during the period. ForthRight Wealth Management LLC raised its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 0.5% in the 1st quarter. ForthRight Wealth Management LLC now owns 68,559 shares of the company’s stock valued at $4,497,000 after purchasing an additional 308 shares during the period. Mainstream Capital Management LLC acquired a new stake in shares of ProShares Russell 2000 Dividend Growers ETF in the 4th quarter valued at about $26,000. Finally, US Bancorp DE acquired a new stake in shares of ProShares Russell 2000 Dividend Growers ETF in the 4th quarter valued at about $27,000.

ProShares Russell 2000 Dividend Growers ETF Price Performance

SMDV opened at $63.63 on Thursday. The business’s 50-day moving average price is $63.73 and its two-hundred day moving average price is $66.53. ProShares Russell 2000 Dividend Growers ETF has a 1 year low of $57.98 and a 1 year high of $76.90. The company has a market capitalization of $640.75 million, a price-to-earnings ratio of 16.91 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.