First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Stock Sold by Southern Financial Group LLC

Southern Financial Group LLC cut its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 4.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,243,866 shares of the company’s stock after selling 64,568 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF comprises 13.8% of Southern Financial Group LLC’s investment portfolio, making the stock its 3rd largest position. Southern Financial Group LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $50,476,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Bank of America Corp DE increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 6.3% in the 1st quarter. Bank of America Corp DE now owns 9,463,585 shares of the company’s stock valued at $373,149,000 after acquiring an additional 564,137 shares during the period. Cetera Investment Advisers boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% during the first quarter. Cetera Investment Advisers now owns 7,943,362 shares of the company’s stock worth $313,207,000 after acquiring an additional 227,423 shares in the last quarter. Royal Bank of Canada grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.1% in the 1st quarter. Royal Bank of Canada now owns 6,670,911 shares of the company’s stock valued at $263,034,000 after buying an additional 322,622 shares during the period. Capital Investment Advisors LLC boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 2.6% during the 3rd quarter. Capital Investment Advisors LLC now owns 4,853,868 shares of the company’s stock valued at $196,970,000 after purchasing an additional 123,083 shares during the last quarter. Finally, Park National Corp OH lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.5% in the third quarter. Park National Corp OH now owns 3,584,904 shares of the company’s stock valued at $145,475,000 after purchasing an additional 54,366 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 1.7%

Shares of First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $43.31 on Thursday. The company has a market capitalization of $11.44 billion, a P/E ratio of 14.54 and a beta of 1.02. The stock has a fifty day simple moving average of $42.05 and a 200 day simple moving average of $41.95. First Trust SMID Cap Rising Dividend Achievers ETF has a 12-month low of $36.40 and a 12-month high of $45.11.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a $0.1002 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, September 24th. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901.

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.