Fisher Asset Management LLC Makes New $582,000 Investment in ProShares Russell 2000 Dividend Growers ETF $SMDV

Fisher Asset Management LLC bought a new position in shares of ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,800 shares of the company’s stock, valued at approximately $582,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SMDV. UBS Group AG boosted its holdings in ProShares Russell 2000 Dividend Growers ETF by 9.0% during the third quarter. UBS Group AG now owns 412,095 shares of the company’s stock worth $27,462,000 after buying an additional 34,111 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in ProShares Russell 2000 Dividend Growers ETF by 72.8% during the second quarter. Ameriprise Financial Inc. now owns 44,356 shares of the company’s stock worth $2,886,000 after buying an additional 18,690 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in ProShares Russell 2000 Dividend Growers ETF by 248.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 23,622 shares of the company’s stock worth $1,600,000 after buying an additional 16,851 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in ProShares Russell 2000 Dividend Growers ETF during the second quarter worth about $314,000. Finally, Lion Street Advisors LLC boosted its holdings in ProShares Russell 2000 Dividend Growers ETF by 148.0% during the third quarter. Lion Street Advisors LLC now owns 7,766 shares of the company’s stock worth $498,000 after buying an additional 4,634 shares during the last quarter.

ProShares Russell 2000 Dividend Growers ETF Stock Performance

SMDV opened at $72.58 on Friday. The firm’s fifty day moving average is $71.23 and its two-hundred day moving average is $69.81. The firm has a market cap of $728.70 million, a PE ratio of 16.56 and a beta of 0.84. ProShares Russell 2000 Dividend Growers ETF has a twelve month low of $63.36 and a twelve month high of $74.43.

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.