Creative Financial Designs Inc. ADV Expands Holdings in ProShares Russell 2000 Dividend Growers ETF

On November 4, 2024, it was reported that Creative Financial Designs Inc. ADV has increased its investment in the ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV). According to their latest 13F filing with the Securities and Exchange Commission (SEC), the firm’s ownership of SMDV rose by 11.4% during the third quarter of the year. Following this purchase, Creative Financial Designs Inc. ADV now holds a total of 2,912 shares in the ETF, having added 298 shares over the last quarter. The total value of these holdings at the close of the recent quarter is approximately $202,000.

Several other institutional investors have also adjusted their positions in SMDV. For example, during the fourth quarter, PNC Financial Services Group Inc. initiated a new position in the ETF valued at around $41,000. In the first quarter, J.W. Cole Advisors Inc. raised its stake in the fund by 8.9%, resulting in ownership of 3,623 shares worth $232,000 after acquiring 297 additional shares in the previous quarter. Similarly, WBI Investments LLC increased its position in SMDV by 5.3%, now holding 38,990 shares valued at $2,496,000 following the acquisition of 1,951 shares. Oppenheimer & Co. Inc. also boosted its holdings by 8.0%, with its stake now comprising 31,564 shares worth $2,021,000 after purchasing 2,346 shares recently. Anson Capital Inc. has reported a new position in the ETF, valued at about $201,000.

Performance of ProShares Russell 2000 Dividend Growers ETF

On the trading day of the report, ProShares Russell 2000 Dividend Growers ETF shares opened at $68.07. The fund has a 50-day moving average of $68.64 and a 200-day moving average of $65.81 in the market. With a market capitalization of $830.45 million, the ETF exhibits a price-to-earnings (PE) ratio of 15.39, reflecting a beta of 0.96. Over the past year, the ETF has experienced a low of $51.23 and a high of $58.30.

Overview of ProShares Russell 2000 Dividend Growers ETF

The ProShares Russell 2000 Dividend Growers ETF (SMDV) is designed to track the Russell 2000 Dividend Growth Index. This exchange-traded fund focuses on U.S. small-cap stocks that have a proven record of increasing dividends over the last decade. The stocks are weighted equally within the fund. SMDV began trading on February 5, 2015, and is managed by ProShares.

Creative, Acquires, ETF