IFS Group LLC Buys New Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

IFS Group LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,871 shares of the company’s stock, valued at approximately $468,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SDVY. Eagle Bay Advisors LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at approximately $25,000. Oakworth Capital Inc. purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at $25,000. Trust Co. of Vermont purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at $27,000. Smartleaf Asset Management LLC acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at $28,000. Finally, EQ Wealth Advisors LLC acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $43.66 on Thursday. First Trust SMID Cap Rising Dividend Achievers ETF has a 12-month low of $35.03 and a 12-month high of $44.19. The company has a market capitalization of $11.53 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01. The firm’s fifty day moving average price is $42.47 and its 200 day moving average price is $41.52.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.0901 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.36 annualized dividend and a dividend yield of 0.8%.

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.