ProShares Russell 2000 Dividend Growers ETF
SMDV
136 hedge funds and large institutions have $336M invested in ProShares Russell 2000 Dividend Growers ETF in 2025 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 44 increasing their positions, 53 reducing their positions, and 6 closing their positions.
133% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 6
5% more funds holding
Funds holding: 130 → 136 (+6)
0.76% more ownership
Funds ownership: 53.83% → 54.58% (+0.76%)
3% less capital invested
Capital invested by funds: $347M → $336M (-$11.1M)
17% less repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 53
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial
St Petersburg,
Florida
|
+$1.63M |
| 2 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$1.12M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1M |
| 4 |
Goldman Sachs
New York
|
+$769K |
| 5 |
Fisher Asset Management
Camas,
Washington
|
+$585K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$3.99M |
| 2 |
Morgan Stanley
New York
|
-$2.34M |
| 3 |
Truist Financial
Charlotte,
North Carolina
|
-$1.83M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.2M |
| 5 |
LPL Financial
San Diego,
California
|
-$1.04M |
SMDV Hedge Fund Activity: Q4 2025 in Review
136 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in ProShares Russell 2000 Dividend Growers ETF (SMDV) for Q4 2025, worth a combined $336M — down 3.2% from $347M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new SMDV positions and 6 closed out — a net gain of 8 holders — while 44 added to existing stakes and 53 trimmed.
The largest buyer was Raymond James Financial, adding an estimated $1.63M. The largest seller was Cetera Investment Advisers, cutting an estimated $3.99M.
- 136 institutional investors held ProShares Russell 2000 Dividend Growers ETF (SMDV) as of Q4 2025, up from 130 in Q3 2025.
- Funds reported $336M of ProShares Russell 2000 Dividend Growers ETF stock for Q4 2025, down 3.2% quarter-over-quarter.
- 14 funds opened new ProShares Russell 2000 Dividend Growers ETF positions in Q4 2025 and 6 closed out, a net change of +8 holders.
- The largest ProShares Russell 2000 Dividend Growers ETF buyer in Q4 2025 was Raymond James Financial, an estimated $1.63M added.
- The largest ProShares Russell 2000 Dividend Growers ETF seller in Q4 2025 was Cetera Investment Advisers, an estimated $3.99M sold.
Based on aggregated 13F filings for Q4 2025.