First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Shares Acquired by Benjamin Edwards Inc.

Benjamin Edwards Inc. raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 13.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 298,897 shares of the company’s stock after purchasing an additional 34,295 shares during the quarter. Benjamin Edwards Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $12,896,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SDVY. Smartleaf Asset Management LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth $28,000. Anchor Investment Management LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 1st quarter valued at about $30,000. High Note Wealth LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at about $32,000. Russell Investments Group Ltd. grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 254.2% during the fourth quarter. Russell Investments Group Ltd. now owns 1,151 shares of the company’s stock valued at $44,000 after acquiring an additional 826 shares in the last quarter. Finally, Torren Management LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the first quarter worth about $50,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of SDVY opened at $43.64 on Monday. The business’s 50 day moving average is $43.58 and its two-hundred day moving average is $42.07. The firm has a market cap of $11.53 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $36.40 and a 52-week high of $45.11.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given 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%.

First Trust SMID Cap Rising Dividend Achievers ETF Company Profile

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.