ProShares is moving three of its dividend growth exchange traded funds, including the popular ProShares S&P 500 Aristocrats ETF (NYSEArca: NOBL), to the Bats Exchange from the NYSE Arca. The move is scheduled to take place on or about Dec. 29, 2016.
The ProShares Russell 2000 Dividend Growers ETF (BATS: SMDV), ProShares S&P MidCap 400 Dividend Aristocrats ETF (BATS: REGL) and the ProShares MSCI Emerging Markets Dividend Growers ETF (BATS: EMDV) already trade on the Bats Exchange.
“By moving NOBL, EFAD and EUDV to the Bats Exchange, ProShares is now able to offer its full suite of dividend growers ETFs on one exchange. ProShares Dividend Growers ETFs focus on the companies with the longest track records of dividend growth in some of the most popular U.S. and international indexes. These range from U.S. large-, mid- and small-cap indexes, to broad international and Europe-focused indexes,” said Maryland-based ProShares in a statement.
Like, NOBL, the ProShares S&P MidCap 400 Dividend Aristocrats ETF tracks a dividend aristocrats index. The midcap dividend aristocrats index, though, only requires 15 consecutive years of increased dividends for inclusion.