ForthRight Wealth Management LLC Has $4.50 Million Position in ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)

ForthRight Wealth Management LLC increased its position in ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) by 0.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 68,559 shares of the company’s stock after acquiring an additional 308 shares during the period. ProShares Russell 2000 Dividend Growers ETF comprises 1.5% of ForthRight Wealth Management LLC’s investment portfolio, making the stock its 14th biggest position. ForthRight Wealth Management LLC’s holdings in ProShares Russell 2000 Dividend Growers ETF were worth $4,497,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Mainstream Capital Management LLC acquired a new position in ProShares Russell 2000 Dividend Growers ETF during the fourth quarter valued at approximately $26,000. US Bancorp DE acquired a new position in ProShares Russell 2000 Dividend Growers ETF during the fourth quarter valued at approximately $27,000. Nemes Rush Group LLC acquired a new position in ProShares Russell 2000 Dividend Growers ETF during the fourth quarter valued at approximately $34,000. Tower Research Capital LLC TRC acquired a new position in ProShares Russell 2000 Dividend Growers ETF during the fourth quarter valued at approximately $63,000. Finally, Waverly Advisors LLC grew its holdings in ProShares Russell 2000 Dividend Growers ETF by 13.5% during the fourth quarter. Waverly Advisors LLC now owns 3,662 shares of the company’s stock valued at $248,000 after purchasing an additional 436 shares during the last quarter.

ProShares Russell 2000 Dividend Growers ETF Stock Down 2.2%

Shares of SMDV stock opened at $65.26 on Thursday. ProShares Russell 2000 Dividend Growers ETF has a 12 month low of $57.98 and a 12 month high of $76.90. The business’s 50 day moving average is $63.37 and its two-hundred day moving average is $66.91. The company has a market cap of $657.18 million, a PE ratio of 16.91 and a beta of 0.84.

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.