Mainstream Capital Management LLC Invests $26,000 in ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)

Mainstream Capital Management LLC bought a new stake in ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) in the fourth quarter, Holdings Channel reports. The institutional investor bought 386 shares of the company’s stock, valued at approximately $26,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. United Advisor Group LLC raised its position in ProShares Russell 2000 Dividend Growers ETF by 16.7% in the 3rd quarter. United Advisor Group LLC now owns 41,232 shares of the company’s stock valued at $2,856,000 after purchasing an additional 5,906 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 6.2% in the third quarter. Nations Financial Group Inc. IA ADV now owns 14,197 shares of the company’s stock valued at $983,000 after buying an additional 829 shares in the last quarter. MWA Asset Management raised its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 48.1% in the third quarter. MWA Asset Management now owns 5,546 shares of the company’s stock valued at $384,000 after buying an additional 1,800 shares during the last quarter. Palisade Asset Management LLC acquired a new position in ProShares Russell 2000 Dividend Growers ETF during the 3rd quarter worth about $215,000. Finally, L.M. Kohn & Company grew its holdings in ProShares Russell 2000 Dividend Growers ETF by 5.8% during the 3rd quarter. L.M. Kohn & Company now owns 8,533 shares of the company’s stock worth $591,000 after acquiring an additional 466 shares during the last quarter.

ProShares Russell 2000 Dividend Growers ETF Trading Up 0.8 %

SMDV opened at $67.23 on Wednesday. ProShares Russell 2000 Dividend Growers ETF has a 1-year low of $59.13 and a 1-year high of $76.90. The stock has a market capitalization of $701.21 million, a PE ratio of 18.08 and a beta of 0.85. The firm has a 50-day moving average price of $68.23 and a two-hundred day moving average price of $69.58.

ProShares Russell 2000 Dividend Growers ETF Dividend Announcement

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

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.