Nemes Rush Group LLC Purchases Shares of 507 ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)

Nemes Rush Group LLC acquired a new stake in shares of ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 507 shares of the company’s stock, valued at approximately $34,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in ProShares Russell 2000 Dividend Growers ETF during the 4th quarter worth approximately $21,300,000. LPL Financial LLC grew its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 7.6% during the fourth quarter. LPL Financial LLC now owns 260,795 shares of the company’s stock worth $17,648,000 after purchasing an additional 18,411 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 58.9% in the third quarter. JPMorgan Chase & Co. now owns 29,024 shares of the company’s stock valued at $2,010,000 after buying an additional 10,760 shares in the last quarter. Truist Financial Corp raised its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 9.1% in the fourth quarter. Truist Financial Corp now owns 91,525 shares of the company’s stock valued at $6,194,000 after buying an additional 7,605 shares during the last quarter. Finally, Benjamin Edwards Inc. acquired a new position in ProShares Russell 2000 Dividend Growers ETF during the 3rd quarter worth about $353,000.

ProShares Russell 2000 Dividend Growers ETF Trading Down 1.3 %

SMDV opened at $65.82 on Thursday. 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 $677.95 million, a PE ratio of 17.45 and a beta of 0.80. The firm has a 50-day moving average price of $67.87 and a two-hundred day moving average price of $69.31.

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.