Janney Montgomery Scott LLC Reduces Stock Position in ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV)

Janney Montgomery Scott LLC trimmed its stake in shares of ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) by 5.2% in the 3rd quarter, Holdings Channel reports. The firm owned 11,491 shares of the company’s stock after selling 636 shares during the period. Janney Montgomery Scott LLC’s holdings in ProShares S&P Technology Dividend Aristocrats ETF were worth $886,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Valeo Financial Advisors LLC bought a new stake in ProShares S&P Technology Dividend Aristocrats ETF in the 3rd quarter worth approximately $348,000. ORG Partners LLC purchased a new position in shares of ProShares S&P Technology Dividend Aristocrats ETF in the 2nd quarter worth $413,000. Finally, Coston McIsaac & Partners grew its holdings in shares of ProShares S&P Technology Dividend Aristocrats ETF by 44.6% in the third quarter. Coston McIsaac & Partners now owns 18,166 shares of the company’s stock worth $1,400,000 after acquiring an additional 5,600 shares during the period.

ProShares S&P Technology Dividend Aristocrats ETF Stock Performance

TDV stock opened at $75.61 on Friday. The company has a market capitalization of $294.88 million, a P/E ratio of 23.63 and a beta of 1.14. The firm has a fifty day moving average price of $76.57 and a 200-day moving average price of $74.94.

ProShares S&P Technology Dividend Aristocrats ETF Profile

The ProShares S&P Technology Dividend Aristocrats ETF (TDV) is an exchange-traded fund that is based on the S&P Technology Dividend Aristocrats index. The fund tracks an equal-weighted index of U.S. technology companies that have dividend growth of at least 7 years. TDV was launched on Nov 5, 2019 and is managed by ProShares.