Dana Investment Advisors reduced SMDV stake by 25.6% in Q3, owning 9,237 shares.

Dana Investment Advisors reduced its SMDV (ProShares Russell 2000 Dividend Growers ETF) stake by 25.6% in Q3, owning 9,237 shares after selling 3,182. Other institutions like Capital Investment, Morgan Stanley, UBS, Bank of America, and Raymond James also adjusted their SMDV holdings. SMDV is an ETF tracking US small-cap stocks with a 10-year history of increasing dividends.