I am downgrading ProShares Russell 2000 Dividend Growers ETF from Buy to Hold due to downside risk and negative projected return over the next six months. SMDV has rallied significantly but continues to lag both the S&P 500 and Russell 2000 over longer periods, holding stocks with a median P/E of 15.9x and a 2.9% yield. The ETF is unique for its small-cap, dividend-growth focus but currently trades near all-time highs, making it less attractive versus alternatives like REGL and NOBL.
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.
Advisor clients have myriad goals and needs for their portfolios — but this year, delivering on them has gotten more complicated. Events in the Middle East will likely spur inflation for the rest of 2026.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 1,086 | $70,672.34 | $83,676.3 | $13,003.96 | 18.4% |
| RC Robert Chess L.M. Kohn & Company | 10,281 | $661,430.36 | $793,796.01 | $132,365.65 | 20.01% |
Jeff Ameen Spire Wealth Management | 110 | $6,865.02 | $8,411.7 | $1,546.68 | 22.53% |
Bradley W. Clark Paladin Advisory Group LLC | 101 | $6,165.04 | $7,764.88 | $1,599.84 | 25.95% |
Michael Capobianco MWA Asset Management | 3,290 | $226,319.1 | $252,935.2 | $26,616.1 | 11.76% |
| BATS Exchange | US Country |
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.
The fund offers a diversified investment product characterized by two key strategies:
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.
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.