Northwestern Mutual Wealth Management Co. Raises Position in ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)

Northwestern Mutual Wealth Management Co. boosted its position in ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,183 shares of the company’s stock after purchasing an additional 735 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.33% of ProShares Russell 2000 Dividend Growers ETF worth $2,496,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Key Financial Inc boosted its position in ProShares Russell 2000 Dividend Growers ETF by 342.7% during the second quarter. Key Financial Inc now owns 549 shares of the company’s stock worth $34,000 after purchasing an additional 425 shares during the period. PNC Financial Services Group Inc. purchased a new position in ProShares Russell 2000 Dividend Growers ETF in the 4th quarter valued at approximately $41,000. Anson Capital Inc. bought a new stake in ProShares Russell 2000 Dividend Growers ETF during the 1st quarter valued at $201,000. J.W. Cole Advisors Inc. boosted its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 8.9% in the first quarter. J.W. Cole Advisors Inc. now owns 3,623 shares of the company’s stock worth $232,000 after acquiring an additional 297 shares during the period. Finally, Duncan Williams Asset Management LLC purchased a new position in shares of ProShares Russell 2000 Dividend Growers ETF in the first quarter valued at $314,000.

ProShares Russell 2000 Dividend Growers ETF Stock Performance

BATS:SMDV opened at $68.22 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’s fifty day moving average is $68.12 and its 200 day moving average is $64.81. The firm has a market cap of $832.28 million, a price-to-earnings ratio of 15.39 and a beta of 0.96.

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.