WT Wealth Management Increases Position in ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)

WT Wealth Management raised its position in shares of ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) by 21.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,796 shares of the company’s stock after purchasing an additional 2,281 shares during the period. WT Wealth Management owned approximately 0.10% of ProShares Russell 2000 Dividend Growers ETF worth $894,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Key Financial Inc boosted its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 342.7% in the 2nd quarter. Key Financial Inc now owns 549 shares of the company’s stock valued at $34,000 after purchasing an additional 425 shares in the last quarter. PNC Financial Services Group Inc. purchased a new stake in ProShares Russell 2000 Dividend Growers ETF during the fourth quarter valued at about $41,000. Anson Capital Inc. bought a new position in shares of ProShares Russell 2000 Dividend Growers ETF during the first quarter valued at about $201,000. J.W. Cole Advisors Inc. increased its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 8.9% in the first quarter. J.W. Cole Advisors Inc. now owns 3,623 shares of the company’s stock worth $232,000 after buying an additional 297 shares during the period. Finally, Heritage Wealth Management Inc. bought a new stake in shares of ProShares Russell 2000 Dividend Growers ETF in the 2nd quarter valued at about $294,000.

ProShares Russell 2000 Dividend Growers ETF Stock Performance

SMDV stock traded down $1.29 during trading on Tuesday, hitting $68.61. 20,257 shares of the company traded hands. ProShares Russell 2000 Dividend Growers ETF has a 1 year low of $51.23 and a 1 year high of $58.30. The firm has a market capitalization of $837.05 million, a PE ratio of 15.39 and a beta of 0.96. The company has a 50-day moving average of $68.43 and a 200-day moving average of $65.29.

ProShares Russell 2000 Dividend Growers ETF 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.