Essex Financial Services Inc. Sells 1,164 Shares of ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)

Essex Financial Services Inc. decreased its holdings in ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) by 4.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,886 shares of the company’s stock after selling 1,164 shares during the quarter. Essex Financial Services Inc.’s holdings in ProShares Russell 2000 Dividend Growers ETF were worth $1,752,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Raymond James & Associates lifted its holdings in shares of ProShares Russell 2000 Dividend Growers ETF by 7.3% in the third quarter. Raymond James & Associates now owns 47,027 shares of the company’s stock valued at $3,257,000 after purchasing an additional 3,198 shares in the last quarter. WT Wealth Management raised its position in ProShares Russell 2000 Dividend Growers ETF by 21.7% in the 3rd quarter. WT Wealth Management now owns 12,796 shares of the company’s stock valued at $894,000 after buying an additional 2,281 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in ProShares Russell 2000 Dividend Growers ETF by 6.1% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 11,455 shares of the company’s stock valued at $793,000 after acquiring an additional 656 shares in the last quarter. Trueblood Wealth Management LLC boosted its holdings in ProShares Russell 2000 Dividend Growers ETF by 9.6% during the 3rd quarter. Trueblood Wealth Management LLC now owns 15,289 shares of the company’s stock worth $1,059,000 after acquiring an additional 1,341 shares during the last quarter. Finally, CWC Advisors LLC. bought a new stake in shares of ProShares Russell 2000 Dividend Growers ETF in the 3rd quarter worth $225,000.

ProShares Russell 2000 Dividend Growers ETF Price Performance

Shares of SMDV stock opened at $69.77 on Wednesday. The firm has a 50-day moving average of $69.21 and a 200-day moving average of $69.41. ProShares Russell 2000 Dividend Growers ETF has a one year low of $51.23 and a one year high of $58.30. The company has a market cap of $851.13 million, a P/E ratio of 15.39 and a beta of 0.96.

ProShares Russell 2000 Dividend Growers ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.5398 dividend. The ex-dividend date was Monday, December 23rd.

ProShares Russell 2000 Dividend Growers ETF 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.