Taking Profits On This Equity ETF

I still like ProShares R2000 Dividend Growers ETF (SMDV) a lot, but it has increased again and is up a lot year-to-date. It is not my largest equity holding right now, but I am cutting it again to add to a non-equity ETF, Vanguard Short-Term Treasury Index Fund ETF (VGSH). I last trimmed SMDV in mid-April at a higher price, adding to an ETF I no longer own, RSP. The price on 4/17 was $73.52, which was very near the 52-week high of 74.43 in February. I had sold some on April 9th at $72.63 to buy some XSW at a very low price. This trade leaves me very underweight equities, which I think is the right positioning.

The trades:

• Sell 25 SMDV at $72.60

• Buy 30 VGSH at $58.28

The updated model portfolio: