54,653 Shares in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Acquired by Stegent Equity Advisors Inc.

Stegent Equity Advisors Inc. purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 54,653 shares of the company’s stock, valued at approximately $2,155,000. First Trust SMID Cap Rising Dividend Achievers ETF makes up about 1.8% of Stegent Equity Advisors Inc.’s investment portfolio, making the stock its 14th largest position.

Several other institutional investors have also recently bought and sold shares of SDVY. LPL Financial LLC boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% in the fourth quarter. LPL Financial LLC now owns 24,892,169 shares of the company’s stock worth $953,868,000 after purchasing an additional 1,135,800 shares in the last quarter. Morgan Stanley grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.7% during the fourth quarter. Morgan Stanley now owns 17,946,856 shares of the company’s stock worth $687,724,000 after purchasing an additional 130,885 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 9.8% in the fourth quarter. Raymond James Financial Inc. now owns 14,105,263 shares of the company’s stock valued at $540,514,000 after buying an additional 1,261,249 shares in the last quarter. Bank of America Corp DE increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% in the third quarter. Bank of America Corp DE now owns 7,982,389 shares of the company’s stock valued at $303,486,000 after buying an additional 614,123 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.2% in the fourth quarter. Cetera Investment Advisers now owns 7,715,939 shares of the company’s stock valued at $295,675,000 after buying an additional 451,662 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 0.1%

Shares of NASDAQ SDVY opened at $43.17 on Thursday. The firm’s 50-day simple moving average is $41.91 and its 200 day simple moving average is $40.95. The company has a market cap of $11.17 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 12-month low of $35.03 and a 12-month high of $43.63.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.0901 dividend. The ex-dividend date of this dividend 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 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.