ProShares Russell 2000 Dividend Growers ETF (SMDV)
BATS BATS Primary Summary
SMDV Chart
SMDV: Low Valuation And Volatility, Weak Performance
The Russell 2000 Dividend Growers ETF offers a defensive, income-focused small-cap strategy with a strong tilt toward financials, utilities, and industrials. SMDV trades at an 11% P/E discount to the Russell 2000, boasts a 2.6% yield, and demonstrates superior profitability metrics but lags in sales growth. Performance has consistently trailed the Russell 2000 and peers, with limited upside capture in rallies.
SMDV Is A Dividend ETF That Makes Sense
ProShares Russell 2000 Dividend Growers ETF offers unique exposure to small-cap companies with a decade-long record of dividend growth. SMDV's equal-weighted approach and sector caps provide diversification, though it has heavy exposure to Financials and Utilities. While SMDV has lagged large-cap dividend ETFs and the S&P 500, it may benefit from improved M&A activity and potential rotation into small caps.
Is ProShares Russell 2000 Dividend Growers ETF (SMDV) a Strong ETF Right Now?
Designed to provide broad exposure to the Style Box - Small Cap Value category of the market, the ProShares Russell 2000 Dividend Growers ETF (SMDV) is a smart beta exchange traded fund launched on 02/03/2015.
ProShares Russell 2000 Dividend Growers ETF (SMDV) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has ProShares Russell 2000 Dividend Growers ETF ever had a stock split?
ProShares Russell 2000 Dividend Growers ETF Profile
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Overview
The description provided outlines the investment strategy of a mutual fund or exchange-traded fund (ETF) that focuses on diversification across a broad range of sectors while adhering to specific investment criteria. By investing at least 80% of its total assets in the components of a particular index, which includes a minimum of 40 stocks equally weighted, the fund aims to mirror the performance of the index. The fund's investment approach also includes a sector concentration cap, ensuring that no single sector makes up more than 30% of the index weight, promoting sectoral balance within the portfolio. This strategy is designed to reduce risk by avoiding overexposure to any single sector.
Products and Services
The fund offers a diversified investment product characterized by two key strategies:
- Index-Based Investment
This service involves the fund investing at least 80% of its total assets in the securities that compose the index. The aim is to closely track the performance of the index, which is represented by a minimum of 40 equally weighted stocks. This strategy allows investors to benefit from the diversified exposure to the securities within the index, potentially reducing risk relative to investing in individual securities.
- Sector Diversification Cap
As part of its risk management approach, the fund employs a sector diversification cap, whereby no single sector can comprise more than 30% of the index weight. This ensures that the fund maintains a balanced exposure across various sectors, mitigating the risk associated with sector-specific downturns. This sector cap promotes a healthier, more resilient investment portfolio, potentially leading to more stable returns over time.
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