5 Best Performing Small-Cap ETFs in 2022

4. ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)

YTD Return as of December 9: -3.80%

As of December 9, the ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) has lost 3.80% year to date and has outperformed the S&P 500 by over 14%. The fund is one of the best performing small-cap ETFs in 2022 and uses a full replication technique to mirror the returns of the Russell 2000 Dividend Growth Index. The fund has an expense ratio of 0.40% and is yielding 2.30%.

The ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) has 100 holdings and a top ten holdings concentration of 11.33%. The fund has investments concentrated in the industrials, financials, utilities, and materials segments. Lindsay Corporation (NYSE:LNN) is one of the top ten holdings of the fund. As of the end of Q3 2022, Royce & Associates is the largest investor in Lindsay Corporation (NYSE:LNN) and has a stake worth over $66 million.

On October 11, Stifel analyst Nathan Jones updated his price target on Lindsay Corporation (NYSE:LNN) to $173 from $176 and maintained a Buy rating on the shares.