ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Shares Down 1.2% – Should You Sell?

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)’s stock price were down 1.2% on Friday . The stock traded as low as $66.51 and last traded at $66.70. Approximately 25,796 shares changed hands during trading, an increase of 18% from the average daily volume of 21,881 shares. The stock had previously closed at $67.50.

ProShares Russell 2000 Dividend Growers ETF Stock Performance

The stock has a market cap of $669.67 million, a PE ratio of 16.56 and a beta of 0.84. The firm has a 50-day moving average price of $70.92 and a 200-day moving average price of $68.20.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SMDV. Sound Income Strategies LLC purchased a new stake in shares of ProShares Russell 2000 Dividend Growers ETF during the fourth quarter valued at approximately $28,000. Cornerstone Planning Group LLC purchased a new position in ProShares Russell 2000 Dividend Growers ETF in the 4th quarter worth approximately $37,000. Advisory Services Network LLC purchased a new position in ProShares Russell 2000 Dividend Growers ETF in the 3rd quarter worth approximately $37,000. Franklin Resources Inc. bought a new position in ProShares Russell 2000 Dividend Growers ETF in the 2nd quarter valued at approximately $48,000. Finally, Howe & Rusling Inc. lifted its position in ProShares Russell 2000 Dividend Growers ETF by 7.7% in the 2nd quarter. Howe & Rusling Inc. now owns 2,721 shares of the company’s stock valued at $177,000 after acquiring an additional 195 shares in the last quarter.

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.