Key Financial Inc Increases Holdings in ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)

Key Financial Inc grew its holdings in shares of ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) by 342.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 549 shares of the company’s stock after acquiring an additional 425 shares during the quarter. Key Financial Inc’s holdings in ProShares Russell 2000 Dividend Growers ETF were worth $34,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. purchased a new stake in shares of ProShares Russell 2000 Dividend Growers ETF during the 4th quarter valued at $41,000. Anson Capital Inc. bought a new position in ProShares Russell 2000 Dividend Growers ETF in the 1st quarter worth about $201,000. Palisade Asset Management LLC bought a new position in ProShares Russell 2000 Dividend Growers ETF in the 4th quarter worth about $202,000. J.W. Cole Advisors Inc. boosted its stake in ProShares Russell 2000 Dividend Growers ETF by 8.9% in the 1st quarter. J.W. Cole Advisors Inc. now owns 3,623 shares of the company’s stock worth $232,000 after purchasing an additional 297 shares during the period. Finally, Duncan Williams Asset Management LLC bought a new position in ProShares Russell 2000 Dividend Growers ETF in the 1st quarter worth about $314,000.

ProShares Russell 2000 Dividend Growers ETF Stock Up 0.7 %

Shares of BATS SMDV opened at $69.87 on Friday. ProShares Russell 2000 Dividend Growers ETF has a 52 week low of $51.23 and a 52 week high of $58.30. The business has a 50-day simple moving average of $66.30 and a two-hundred day simple moving average of $63.69. The company has a market cap of $852.47 million, a P/E ratio of 15.39 and a beta of 0.96.

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.