Palisade Asset Management LLC Acquires New Stake in ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)

Palisade Asset Management LLC acquired a new stake in ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,100 shares of the company’s stock, valued at approximately $215,000.

Several other institutional investors have also bought and sold shares of the company. Cetera Advisors LLC purchased a new stake in shares of ProShares Russell 2000 Dividend Growers ETF during the first quarter worth $4,750,000. Sanctuary Advisors LLC bought a new position in shares of ProShares Russell 2000 Dividend Growers ETF in the second quarter worth $3,616,000. Mercer Global Advisors Inc. ADV bought a new position in shares of ProShares Russell 2000 Dividend Growers ETF in the second quarter worth $1,107,000. Pinnacle Associates Ltd. boosted its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 477.5% in 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 period. Finally, Arkadios Wealth Advisors bought a new position in shares of ProShares Russell 2000 Dividend Growers ETF in the second quarter worth $861,000.

ProShares Russell 2000 Dividend Growers ETF Price Performance

ProShares Russell 2000 Dividend Growers ETF stock opened at $74.97 on Friday. ProShares Russell 2000 Dividend Growers ETF has a one year low of $51.23 and a one year high of $58.30. The business has a fifty day moving average price of $70.03 and a 200-day moving average price of $66.93. The firm has a market capitalization of $914.63 million, a P/E ratio of 15.39 and a beta of 0.96.

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.