Creative Financial Designs Inc. ADV Acquires Shares of ProShares Russell 2000 Dividend Growers ETF

On November 4, 2024, it was reported that Creative Financial Designs Inc. ADV has increased its investment in the ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) by 11.4% during the third quarter of the year. According to a recent 13F filing with the Securities and Exchange Commission (SEC), the firm now holds a total of 2,912 shares in this ETF after acquiring an additional 298 shares in the latest period. The estimated value of these holdings reached approximately $202,000 by the conclusion of the last quarter.

Other institutional investors have also been adjusting their positions in the ProShares Russell 2000 Dividend Growers ETF recently. For instance, PNC Financial Services Group Inc. made a new investment in this ETF during the fourth quarter, amounting to roughly $41,000. J.W. Cole Advisors Inc. raised its stake in the ETF by 8.9% in the first quarter, now possessing 3,623 shares with an overall value of $232,000 after purchasing an extra 297 shares over the last couple of months. WBI Investments LLC boosted its position by 5.3% during the same first quarter, with a total of 38,990 shares valued at $2,496,000 after acquiring 1,951 additional shares. Likewise, Oppenheimer & Co. Inc. increased its holdings by 8.0% and now owns 31,564 shares worth $2,021,000 after obtaining an extra 2,346 shares. Anson Capital Inc. also entered the market, acquiring a brand new stake valued at about $201,000 in the first quarter.

ProShares Russell 2000 Dividend Growers ETF Overview

The ProShares Russell 2000 Dividend Growers ETF opened at a price of $68.07 recently. Its 50-day moving average stands at $68.64, while the 200-day moving average is lower at $65.81. The ETF carries a market capitalization of $830.45 million, a price-to-earnings (P/E) ratio of 15.39, and a beta of 0.96, indicating its volatility relative to the market. Over the past fifty-two weeks, the ETF has registered a low of $51.23 and a peak of $58.30.

About the ProShares Russell 2000 Dividend Growers ETF

This ETF, identified as SMDV, is designed to track the performance of the Russell 2000 Dividend Growth index. It consists of small-cap stocks in the United States that have a documented history of increasing dividends over the past ten years. Each stock within the fund is equally weighted, allowing for diversification across various holdings. The fund was initially launched on February 5, 2015, and is managed by ProShares.

Investment, Shares, ETF