Compass Financial Management LLC Purchases New Stake in ProShares Russell 2000 Dividend Growers ETF $SMDV

Compass Financial Management LLC acquired a new position in shares of ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 17,537 shares of the company’s stock, valued at approximately $1,351,000.

Other hedge funds have also recently added to or reduced their stakes in the company. UBS Group AG increased its stake in ProShares Russell 2000 Dividend Growers ETF by 9.0% during the third quarter. UBS Group AG now owns 412,095 shares of the company’s stock valued at $27,462,000 after purchasing an additional 34,111 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of ProShares Russell 2000 Dividend Growers ETF by 72.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 44,356 shares of the company’s stock worth $2,886,000 after buying an additional 18,690 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 100.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 23,045 shares of the company’s stock valued at $1,523,000 after buying an additional 11,570 shares during the period. Fifth Third Bancorp acquired a new position in shares of ProShares Russell 2000 Dividend Growers ETF in the 1st quarter valued at about $682,000. Finally, Fisher Asset Management LLC bought a new stake in shares of ProShares Russell 2000 Dividend Growers ETF during the 4th quarter valued at about $582,000.

ProShares Russell 2000 Dividend Growers ETF Stock Down 0.0%

Shares of BATS:SMDV opened at $76.94 on Friday. The company has a market cap of $772.48 million, a PE ratio of 16.56 and a beta of 0.84. ProShares Russell 2000 Dividend Growers ETF has a fifty-two week low of $63.86 and a fifty-two week high of $79.56. The firm has a 50-day simple moving average of $77.13 and a 200 day simple moving average of $73.52.

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.