TMDV

ProShares Russell US Dividend Growers ETF

$46.57
+0.00%
Market closed. Last update: 10:58 PM ET

📎 Investment Objective

The ProShares Russell US Dividend Growers ETF (TMDV) seeks to track the performance of the Russell U.S. Dividend Growers Index, which is designed to provide exposure to U.S. companies that have increased their dividend payments for at least 10 consecutive years.

Overview

ETF tracking ProShares Russell US Dividend Growers ETF

Category Value
Issuer ProShares
Inception Date 2019-11-07
Market Cap $4.2M
Average Volume N/A
Dividend Yield 2.81%
52-Week Range $42.69 - $51.59
VWAP $46.62

Performance

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Investment Summary

📎 Investment Objective

The ProShares Russell US Dividend Growers ETF (TMDV) seeks to track the performance of the Russell U.S. Dividend Growers Index, which is designed to provide exposure to U.S. companies that have increased their dividend payments for at least 10 consecutive years.

🎯 Investment Strategy

The ETF invests in the equity securities of companies included in the underlying index, which are weighted based on their dividend growth history and current dividend yield. The fund aims to provide investors with exposure to high-quality, dividend-paying U.S. stocks that have demonstrated a commitment to growing their dividends over time.

✨ Key Features

  • Focuses on U.S. companies with a history of consistently increasing their dividend payments
  • Provides exposure to a diversified portfolio of dividend-growing stocks
  • Tracks the Russell U.S. Dividend Growers Index, which is designed to identify high-quality dividend growth companies
  • Low expense ratio of 0.00%

⚠️ Primary Risks

  • Market risk: The value of the fund's holdings may decline due to general market conditions or other factors
  • Dividend risk: Companies may reduce or eliminate their dividend payments, which could negatively impact the fund's performance
  • Concentration risk: The fund's performance may be more volatile due to its focus on a specific sector or industry
  • Liquidity risk: The fund may have difficulty buying or selling certain securities, which could affect its performance

👤 Best For

The ProShares Russell US Dividend Growers ETF may be suitable for investors seeking exposure to high-quality, dividend-paying U.S. stocks with a focus on companies that have demonstrated a commitment to growing their dividends over time. This ETF may be appropriate for investors with a long-term investment horizon and a moderate risk tolerance.