ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Shares Down 0.3% – Time to Sell?

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) dropped 0.3% during mid-day trading on Thursday . The company traded as low as $72.71 and last traded at $72.71. Approximately 8,161 shares were traded during trading, a decline of 58% from the average daily volume of 19,289 shares. The stock had previously closed at $72.90.

ProShares Russell 2000 Dividend Growers ETF Stock Performance

The business has a 50 day simple moving average of $70.70 and a 200-day simple moving average of $69.18. The stock has a market capitalization of $730.01 million, a P/E ratio of 16.56 and a beta of 0.84.

Institutional Investors Weigh In On ProShares Russell 2000 Dividend Growers ETF

A number of institutional investors and hedge funds have recently modified their holdings of SMDV. Goldman Sachs Group Inc. lifted its position in shares of ProShares Russell 2000 Dividend Growers ETF by 12.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 22,259 shares of the company’s stock valued at $1,460,000 after acquiring an additional 2,399 shares during the last quarter. Franklin Resources Inc. acquired a new stake in shares of ProShares Russell 2000 Dividend Growers ETF during the 2nd quarter valued at $48,000. NewEdge Advisors LLC lifted its position in shares of ProShares Russell 2000 Dividend Growers ETF by 8.0% during the 2nd quarter. NewEdge Advisors LLC now owns 5,415 shares of the company’s stock valued at $352,000 after acquiring an additional 402 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of ProShares Russell 2000 Dividend Growers ETF during the 2nd quarter valued at $273,000. Finally, Ameriprise Financial Inc. lifted its position in shares of ProShares Russell 2000 Dividend Growers ETF by 72.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 44,356 shares of the company’s stock valued at $2,886,000 after acquiring an additional 18,690 shares during the last quarter.

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.