Applied Industrial Technologies

Apogee Enterprises

Kadant

Mueller Water

Matson

Tompkins Financial

Associated Banc-Corp

Standex

Cadence Bank

Washington Trust Bancorp

ProShares Russell 2000 Dividend Growers ETF

SMDV tracks an index of US small-cap stocks with a 10-year record of increasing dividends. Stocks are equally weighted.

Launched on 02/03/2015, the ProShares Russell 2000 Dividend Growers ETF (SMDV) is a smart beta exchange traded fund offering broad exposure to the Style Box - Small Cap Value category of the market.

Is ProShares Russell 2000 Dividend Growers ETF (SMDV) a Strong ETF Right Now?

SMDV oversees a portfolio of 100 SMID stocks that have at least 10 years of dividend growth in the books. The methodology has nuances, though. Regional bank stocks boosted SMDV's returns in July, allowing it to outperform the S&P 500 index marginally since the previous analysis. However, fundamentally, nothing has changed about this vehicle. Its quality characteristics remain pronouncedly weak, while growth is soft.

SMDV: Fundamentally Unattractive DGI Strategy Despite Performance Surprise

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Amid the growing anxiety about a slowing U.S. economy, geopolitical tensions and the looming November elections, the appeal for dividend investing has returned. We have highlighted several reasons why dividend investing seems to be a viable strategy amid the market turmoil.

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Friday's disappointing jobs report has put a huge damper on economic sentiment for the moment. Goldman Sachs has bumped up the odds of a recession from 10% to 25% over the next 12 months.

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Dividend growth outperforms the market over time and helps portfolios beat inflation. These dividend growth ETFs give investors the chance to buy the strategy in bundles.

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While index-based ETFs are known to be passive compared to active ETFs, changes indeed occur. At the end of this week, a large-cap growth ETF with approximately $100 billion in assets will be adding and removing companies.

ETF Impact of Russell Index Changes

SMDV might attract DGI investors for its 2.91% expected yield and double-digit dividend growth rate. However, the way it accomplishes that is not optimal. The selection process begins by identifying small-cap stocks with at least ten consecutive years of dividend growth. It sounds good, but 40% of eligible stocks are Regional Banks. SMDV's selections in this sub-industry, which total 25%, have delivered negative total returns over the last five years and have negative estimated earnings growth.

SMDV: Why You Should Pass On This 3% Yielding Small-Cap DGI ETF

SMDV is a passively managed investment vehicle focused on small/mid-cap dividend growers. SMDV has underperformed since my previous coverage, with utilities being among the key detractors. I maintain the conservative Hold rating. I like its value factor exposure, yet both quality and growth are fairly lackluster. In the current environment, this is hardly a winning combination.

SMDV: Growth, Quality Exposures Leave Much To Be Desired

ProShares Russell 2000 Dividend Growers ETF focuses on small-cap companies with consistent dividend growth. Top holdings include Cambridge Bancorp, HNI Corp., Kadant Inc., Horace Mann Educators Corp., and SpartanNash Co. SMDV is heavily weighted towards the financial sector, which may pose a risk, and small-cap stocks can be more volatile.

SMDV: Too Much Bank Risk

ProShares Russell 2000 Dividend Growers ETF implements an equal-weight methodology and a dividend growth strategy in small caps. SMDV looks attractive regarding long-term volatility, dividend growth and quality metrics, but there's an issue: it is overweight in regional banks. Investors looking for the safety of dividend-growth and equal-weight investing styles should probably look elsewhere.

SMDV: Dividend Growth ETF With A Bank Problem

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The small-cap index Russell 2000 recently witnessed its most impressive week in over two years as investors bet on the Federal Reserve's halt in its interest rate hike cycle.

7 Factors Why Small-Cap Value ETFs May Rise Ahead

SMDV represents a group of small- and mid-cap dividend growers, predominantly from the financial, industrial, and utilities sectors. The ETF has meaningfully disappointed since the previous note, delivering a negative total return despite the U.S. market rally. Owing to a few improvements in factor exposure that are not obvious upon a cursory review, like a higher EY, SMDV might still be considered tactically attractive.

SMDV: Dividend Growers Might Have Become Tactically Attractive, Do Not Forget To Monitor Quality

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These ETFs could fly high in August as the broader market is likely to rally on upbeat economic data points and cooling inflation.

5 Top-Ranked ETFs to Buy in August as Markets May Fly High

The Vanguard Dividend Appreciation ETF invests based on the S&P U.S. Dividend Growers Index. The ProShares Russell 2000 Dividend Growers ETF invests based on the Russell 2000 Dividend Growth Index. Dividend Growth ETFs are popular among Seeking Alpha users, with three large-cap ETFs often outperforming the small-cap ProShares Russell 2000 Dividend Growers ETF.

VIG Vs. SMDV: Going Small Poor Choice In Dividend Growth World

ProShares Russell 2000 Dividend Growers ETF holds about 100 dividend-growing small caps in equal weight. The heaviest sectors are financials, industrials, and utilities.Valuation looks inferior to the benchmark, but quality is much better.

SMDV: High Quality Small Cap ETF

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According to Tom Lee, a renowned strategist at Fundstrat, the recent 2% slump in the stock market presents yet another lucrative opportunity for investors to employ the "Buy the Dip" strategy, as quoted on Business Insider.

Should You "Buy the Dip" & Grab These ETFs?

SMDV is a passively managed dividend growth-focused fund favoring U.S. mid- and small-caps. Since my previous coverage, the index SMDV tracks has been reconstituted in June and then rebalanced in September and December 2022 (with the next rebalanced due this March).

SMDV: The Paradox Of Expensiveness And Unsatisfactory Quality

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The markets finally woke up to reality in February that inflation isn't retreating as fast as expected. Best ETFs for bonds and stocks fell.

Investors Learned A Big Lesson In February

small-cap dividend grower ETF hit a 52-week high. Can it soar higher?

Small-Cap Dividend Grower ETF (SMDV) Hits New 52-Week High

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The key question of 2023 — will there be a hard or soft-landing — depends very much on which economy one is looking at: the goods economy or the service economy.

2023 Market Outlook: A Tale of Two Economies

SMDV is an equal-weight dividend growth ETF in small caps. The heaviest sector is financials, with over 30% of asset value.

SMDV: One Of The Best Small-Cap ETFs

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According to the latest quarterly Janus Henderson Global Dividend Index findings, global dividends are hovering above their pre-pandemic high.

Dividend Growth Picks Momentum: ETFs to Gain

The Russell 2000 Dividend Growers ETF holds 88 small-cap companies with at least ten consecutive years of increasing dividends. Yield is currently 2.34%, and fees are 0.40% annually. SMDV has a 14.23% five-year dividend growth rate. I expect this to dry up soon, since revenue and earnings growth don't support it. Constituents aren't very profitable, either.

SMDV: Why Weak Fundamentals Will Lead To Slower Dividend Growth

SMDV offers exposure to a rather concentrated portfolio of small- and mid-cap U.S. equities with robust dividend growth stories.

SMDV: Not A Completely Faultless Dividend Growth Strategy

SMDV implements a dividend growth strategy in the Russell 2000 index. It follows an equal-weight methodology. About 30% of asset value is in financials. Quality metrics are better than in the parent index and volatility is lower.

News for ProShares Russell 2000 Dividend Growers ETF ETF (SMDV)