Capital Investment Advisors LLC Cuts Position in ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)

Capital Investment Advisors LLC trimmed its holdings in ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) by 1.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 431,354 shares of the company’s stock after selling 6,700 shares during the quarter. Capital Investment Advisors LLC owned 3.54% of ProShares Russell 2000 Dividend Growers ETF worth $29,190,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Atlas Brown Inc. increased its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 4.0% during the fourth quarter. Atlas Brown Inc. now owns 6,108 shares of the company’s stock valued at $413,000 after buying an additional 236 shares during the period. Creative Financial Designs Inc. ADV boosted its position 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 purchasing an additional 298 shares in the last quarter. L.M. Kohn & Company grew its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 5.8% in the 3rd quarter. L.M. Kohn & Company now owns 8,533 shares of the company’s stock worth $591,000 after buying an additional 466 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in ProShares Russell 2000 Dividend Growers ETF by 1.7% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 32,087 shares of the company’s stock valued at $1,993,000 after buying an additional 523 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its stake in ProShares Russell 2000 Dividend Growers ETF by 6.1% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 11,455 shares of the company’s stock valued at $793,000 after buying an additional 656 shares during the last quarter.

ProShares Russell 2000 Dividend Growers ETF Stock Performance

Shares of SMDV stock traded down $1.58 during mid-day trading on Monday, hitting $64.60. The company’s stock had a trading volume of 64,179 shares. The stock has a market cap of $788.12 million, a price-to-earnings ratio of 15.39 and a beta of 0.96. ProShares Russell 2000 Dividend Growers ETF has a 52-week low of $51.23 and a 52-week high of $58.30. The business has a 50-day moving average price of $71.42 and a 200 day moving average price of $68.92.

ProShares Russell 2000 Dividend Growers ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.5398 per share. The ex-dividend date was Monday, December 23rd.

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.