Raymond James Financial Inc. Makes New $21.30 Million Investment in ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)

Raymond James Financial Inc. bought a new stake in shares of ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 314,760 shares of the company’s stock, valued at approximately $21,300,000. Raymond James Financial Inc. owned 2.58% of ProShares Russell 2000 Dividend Growers ETF as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of SMDV. New England Private Wealth Advisors LLC raised its stake in ProShares Russell 2000 Dividend Growers ETF by 0.6% in the fourth quarter. New England Private Wealth Advisors LLC now owns 30,024 shares of the company’s stock worth $2,032,000 after buying an additional 182 shares in the last quarter. Trueblood Wealth Management LLC raised its position in shares of ProShares Russell 2000 Dividend Growers ETF by 1.3% in the 4th quarter. Trueblood Wealth Management LLC now owns 15,481 shares of the company’s stock worth $1,048,000 after acquiring an additional 192 shares in the last quarter. MWA Asset Management lifted its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 3.5% during the 4th quarter. MWA Asset Management now owns 5,741 shares of the company’s stock worth $388,000 after purchasing an additional 195 shares during the last quarter. Smith Moore & CO. boosted its position in ProShares Russell 2000 Dividend Growers ETF by 0.4% during the fourth quarter. Smith Moore & CO. now owns 53,489 shares of the company’s stock valued at $3,620,000 after purchasing an additional 229 shares in the last quarter. Finally, Atlas Brown Inc. grew its stake in ProShares Russell 2000 Dividend Growers ETF by 4.0% in the fourth quarter. Atlas Brown Inc. now owns 6,108 shares of the company’s stock valued at $413,000 after purchasing an additional 236 shares during the last quarter.

ProShares Russell 2000 Dividend Growers ETF Stock Performance

BATS:SMDV opened at $61.94 on Friday. The stock has a market capitalization of $637.99 million, a P/E ratio of 17.45 and a beta of 0.80. The company’s 50-day simple moving average is $65.71 and its 200-day simple moving average is $68.53. ProShares Russell 2000 Dividend Growers ETF has a fifty-two week low of $57.98 and a fifty-two week high of $76.90.

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.