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

Acorn Wealth Advisors LLC lessened its position in shares of ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) by 10.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,070 shares of the company’s stock after selling 565 shares during the quarter. Acorn Wealth Advisors LLC’s holdings in ProShares Russell 2000 Dividend Growers ETF were worth $343,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SMDV. Pinnacle Associates Ltd. raised its position in ProShares Russell 2000 Dividend Growers ETF by 477.5% during the third quarter. Pinnacle Associates Ltd. now owns 18,873 shares of the company’s stock worth $1,227,000 after acquiring an additional 15,605 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 58.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 29,024 shares of the company’s stock worth $2,010,000 after purchasing an additional 10,760 shares in the last quarter. Truist Financial Corp raised its position in shares of ProShares Russell 2000 Dividend Growers ETF by 9.1% during the 4th quarter. Truist Financial Corp now owns 91,525 shares of the company’s stock worth $6,194,000 after purchasing an additional 7,605 shares during the last quarter. United Advisor Group LLC lifted its stake 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 buying an additional 5,906 shares in the last quarter. Finally, Benjamin Edwards Inc. acquired a new stake in ProShares Russell 2000 Dividend Growers ETF during the 3rd quarter valued at $353,000.

ProShares Russell 2000 Dividend Growers ETF Stock Performance

ProShares Russell 2000 Dividend Growers ETF stock opened at $68.41 on Tuesday. ProShares Russell 2000 Dividend Growers ETF has a fifty-two week low of $51.23 and a fifty-two week high of $58.30. The stock has a fifty day moving average of $68.45 and a two-hundred day moving average of $69.46. The company has a market capitalization of $834.63 million, a price-to-earnings ratio of 15.39 and a beta of 0.96.

ProShares Russell 2000 Dividend Growers ETF Announces Dividend

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