SMDV Profile
The Russell 2000 Dividend Growers ETF (SMDV) is an exchange-traded fund that seeks to track the performance of the Russell 2000 Dividend Growth Index. The index is designed to measure the performance of small-cap U.S. companies that have a track record of increasing their dividends over time. The fund invests in stocks of small-cap companies that meet certain criteria, including a minimum market capitalization of $2 billion, a minimum dividend increase streak of 10 years, and a minimum average daily trading volume of 50,000 shares.
SMDV provides investors with exposure to small-cap dividend growers, which tend to be more financially stable and less volatile than non-dividend paying small-cap companies. The fund offers a diversified portfolio of stocks across various sectors, with a focus on consumer discretionary, industrials, and financials.
As of February 18, 2023, SMDV has a net asset value of $3.67 billion and a distribution yield of 1.79%. The fund has an expense ratio of 0.40% and is managed by ProShares, a leading provider of ETFs.
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