Murphy Middleton Hinkle & Parker Inc. Makes New Investment in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Murphy Middleton Hinkle & Parker Inc. bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,929 shares of the company’s stock, valued at approximately $515,000.

A number of other hedge funds have also recently modified their holdings of SDVY. Rehmann Capital Advisory Group raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.4% in the second quarter. Rehmann Capital Advisory Group now owns 169,145 shares of the company’s stock worth $7,292,000 after buying an additional 10,199 shares during the period. Benjamin Edwards Inc. boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 13.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 298,897 shares of the company’s stock valued at $12,896,000 after acquiring an additional 34,295 shares during the period. Compass Financial Management LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 2nd quarter valued at $2,426,000. Forge Financial Services LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 2nd quarter valued at $208,000. Finally, B & T Capital Management DBA Alpha Capital Management grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 0.3% in the 2nd quarter. B & T Capital Management DBA Alpha Capital Management now owns 364,252 shares of the company’s stock valued at $15,714,000 after acquiring an additional 1,219 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 1.0%

SDVY stock opened at $42.76 on Wednesday. The business’s fifty day simple moving average is $43.61 and its two-hundred day simple moving average is $42.08. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $36.40 and a twelve month high of $45.11. The firm has a market cap of $11.30 billion, a price-to-earnings ratio of 14.54 and a beta of 1.00.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.0901 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.36 dividend on an annualized basis 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.