United Asset Strategies Inc. Grows Stock Holdings in ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)

United Asset Strategies Inc. grew its holdings in ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) by 25.1% during the fourth quarter, HoldingsChannel reports. The firm owned 11,900 shares of the company’s stock after acquiring an additional 2,384 shares during the period. United Asset Strategies Inc.’s holdings in ProShares Russell 2000 Dividend Growers ETF were worth $774,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. acquired a new position in ProShares Russell 2000 Dividend Growers ETF during the second quarter worth about $43,000. Money Concepts Capital Corp acquired a new stake in shares of ProShares Russell 2000 Dividend Growers ETF in the fourth quarter valued at approximately $91,000. GPS Wealth Strategies Group LLC grew its position in shares of ProShares Russell 2000 Dividend Growers ETF by 15.4% in the third quarter. GPS Wealth Strategies Group LLC now owns 2,025 shares of the company’s stock valued at $115,000 after purchasing an additional 270 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in shares of ProShares Russell 2000 Dividend Growers ETF in the fourth quarter valued at approximately $124,000. Finally, Citigroup Inc. boosted its position in ProShares Russell 2000 Dividend Growers ETF by 81.7% during the first quarter. Citigroup Inc. now owns 3,224 shares of the company’s stock worth $197,000 after acquiring an additional 1,450 shares during the last quarter.

ProShares Russell 2000 Dividend Growers ETF Stock Performance

Shares of BATS SMDV opened at $59.55 on Wednesday. ProShares Russell 2000 Dividend Growers ETF has a 1 year low of $51.23 and a 1 year high of $58.30. The firm’s 50 day moving average price is $61.93 and its 200 day moving average price is $60.52. The firm has a market cap of $731.87 million, a P/E ratio of 15.56 and a beta of 1.00.

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.