55,959 Shares in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Purchased by Spartan Wealth Advisory Services LLC

Spartan Wealth Advisory Services LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 55,959 shares of the company’s stock, valued at approximately $2,206,000.

Several other institutional investors also recently bought and sold shares of the company. Focus Partners Wealth raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 41.2% during the first quarter. Focus Partners Wealth now owns 43,712 shares of the company’s stock valued at $1,464,000 after acquiring an additional 12,748 shares during the last quarter. Creative Planning boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 31.9% in the second quarter. Creative Planning now owns 9,390 shares of the company’s stock worth $331,000 after acquiring an additional 2,270 shares during the last quarter. Brown Advisory Inc. increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.6% during the second quarter. Brown Advisory Inc. now owns 14,098 shares of the company’s stock worth $497,000 after purchasing an additional 621 shares in the last quarter. Cerity Partners LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the second quarter worth approximately $1,897,000. Finally, Qube Research & Technologies Ltd increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 189.9% during the second quarter. Qube Research & Technologies Ltd now owns 368,711 shares of the company’s stock worth $13,008,000 after purchasing an additional 241,547 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

NASDAQ SDVY opened at $43.39 on Friday. The business has a fifty day moving average price of $42.12 and a 200 day moving average price of $41.27. The company has a market cap of $11.45 billion, a P/E ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $35.03 and a one year high of $43.82.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.0901 per share. 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%.

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.