Virtus Family Office LLC Buys 13,183 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Virtus Family Office LLC lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 14.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,427 shares of the company’s stock after purchasing an additional 13,183 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF comprises approximately 3.5% of Virtus Family Office LLC’s holdings, making the stock its 11th largest position. Virtus Family Office LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $4,078,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SDVY. Raymond James Financial Inc. boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.9% in the 3rd quarter. Raymond James Financial Inc. now owns 12,844,014 shares of the company’s stock worth $488,323,000 after purchasing an additional 825,345 shares in the last quarter. Bank of America Corp DE boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% in the 3rd quarter. Bank of America Corp DE now owns 7,982,389 shares of the company’s stock worth $303,486,000 after purchasing an additional 614,123 shares in the last quarter. Trilogy Capital Inc. bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth approximately $21,219,000. HighTower Advisors LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 20.3% in the 3rd quarter. HighTower Advisors LLC now owns 3,127,052 shares of the company’s stock worth $118,890,000 after purchasing an additional 528,572 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.4% in the 3rd quarter. UBS Group AG now owns 6,746,792 shares of the company’s stock worth $256,513,000 after purchasing an additional 344,834 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 1.6%

Shares of SDVY opened at $41.80 on Friday. The business’s 50 day moving average price is $40.85 and its 200-day moving average price is $39.84. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $33.44 and a 52 week high of $42.89. The stock has a market cap of $10.82 billion, a P/E ratio of 14.54 and a beta of 1.04.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.0976 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 26th.

About First Trust SMID Cap Rising Dividend Achievers ETF

The First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an equal-weighted index of small- and mid-cap US companies with historically increasing dividends and that meet various fundamental criteria. SDVY was launched on Nov 1, 2017 and is managed by First Trust.