First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 6.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,444,960 shares of the company’s stock after buying an additional 83,660 shares during the period. Private Advisor Group LLC owned 0.56% of First Trust SMID Cap Rising Dividend Achievers ETF worth $56,975,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in SDVY. LPL Financial LLC lifted its position in shares of 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 valued at $953,868,000 after acquiring an additional 1,135,800 shares in the last quarter. Morgan Stanley boosted its stake 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 valued at $687,724,000 after acquiring an additional 130,885 shares during the last quarter. Raymond James Financial Inc. increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 9.8% during the 4th quarter. Raymond James Financial Inc. now owns 14,105,263 shares of the company’s stock worth $540,514,000 after purchasing an additional 1,261,249 shares in the last quarter. Bank of America Corp DE increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% during the 3rd quarter. Bank of America Corp DE now owns 7,982,389 shares of the company’s stock worth $303,486,000 after purchasing an additional 614,123 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 6.2% in the 4th quarter. Cetera Investment Advisers now owns 7,715,939 shares of the company’s stock valued at $295,675,000 after purchasing an additional 451,662 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 0.0%

NASDAQ:SDVY opened at $43.16 on Friday. The firm has a market cap of $11.35 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01. The company’s 50-day moving average is $41.93 and its two-hundred day moving average is $40.98. 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.0901 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, June 25th.

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.