Acorn Wealth Advisors LLC Lowers Stock Holdings in ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)

Acorn Wealth Advisors LLC cut its stake in shares of ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) by 11.4% during the third quarter, HoldingsChannel.com reports. The fund owned 5,635 shares of the company’s stock after selling 724 shares during the quarter. Acorn Wealth Advisors LLC’s holdings in ProShares Russell 2000 Dividend Growers ETF were worth $390,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Key Financial Inc grew its stake in ProShares Russell 2000 Dividend Growers ETF by 342.7% in the second quarter. Key Financial Inc now owns 549 shares of the company’s stock worth $34,000 after purchasing an additional 425 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 11.4% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,912 shares of the company’s stock worth $202,000 after buying an additional 298 shares during the period. Palisade Asset Management LLC bought a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the 3rd quarter worth $215,000. CWC Advisors LLC. purchased a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the third quarter valued at $225,000. Finally, Anson Capital Inc. raised its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 8.3% in the second quarter. Anson Capital Inc. now owns 3,394 shares of the company’s stock valued at $211,000 after acquiring an additional 259 shares in the last quarter.

ProShares Russell 2000 Dividend Growers ETF Price Performance

Shares of BATS:SMDV traded up $1.27 during trading hours on Monday, hitting $74.97. The company’s stock had a trading volume of 26,697 shares. The firm’s fifty day moving average price is $70.03 and its 200 day moving average price is $66.98. ProShares Russell 2000 Dividend Growers ETF has a 52 week low of $51.23 and a 52 week high of $58.30. The company has a market capitalization of $914.63 million, a price-to-earnings ratio of 15.39 and a beta of 0.96.

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.