Creative Financial Designs Inc. ADV Increases 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, designated as (BATS:SMDV), during the third quarter. According to the latest 13F filing with the Securities and Exchange Commission (SEC), the firm elevated its stake by 11.4%, acquiring an additional 298 shares. Following this acquisition, Creative Financial Designs Inc. ADV now holds a total of 2,912 shares of the ETF, with their holdings valued at approximately $202,000 by the end of the last quarter.

Several other institutional investors have also adjusted their positions in the ProShares Russell 2000 Dividend Growers ETF. For example, PNC Financial Services Group Inc. has entered a new position in the ETF, investing around $41,000 in the fourth quarter. Meanwhile, J.W. Cole Advisors Inc. boosted its shares by 8.9% in the first quarter and now owns 3,623 shares valued at $232,000 after buying an additional 297 shares. Other investors like WBI Investments LLC and Oppenheimer & Co. Inc. have also increased their stakes in the fund, indicating a growing interest from institutional investors.

ProShares Russell 2000 Dividend Growers ETF Overview

The ProShares Russell 2000 Dividend Growers ETF (SMDV) tracks the Russell 2000 Dividend Growth index, focusing on U.S. small-cap stocks with a solid history of growing dividends over a decade. Launched on February 5, 2015, and managed by ProShares, the fund equally weights its holdings to ensure a balanced investment approach. As of the latest market data, the ETF opened at $68.07, with a 50-day moving average of $68.64 and a 200-day moving average of $65.81. The ETF has a market capitalization of approximately $830.45 million, a PE ratio of 15.39, and a current beta of 0.96.

Performance Metrics

The ProShares Russell 2000 Dividend Growers ETF has experienced fluctuating prices within the past year, with a 52-week low of $51.23 and a high of $58.30. This performance highlights the potential for both growth and risk associated with investing in small-cap dividend-paying stocks, making it an interesting prospect for institutional and retail investors alike.

Conclusion

The recent acquisition by Creative Financial Designs Inc. ADV underlines an increased confidence among institutional investors in the ProShares Russell 2000 Dividend Growers ETF. As the market evolves, continued monitoring of investor activities and market performance will provide valuable insights into the potential future direction of this ETF.

Creative, Investments, ETFs