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

Private Advisor Group LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 6.1% during the first quarter, HoldingsChannel reports. The firm owned 1,444,960 shares of the company’s stock after purchasing an additional 83,660 shares during the quarter. Private Advisor Group LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $56,975,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. LPL Financial LLC grew 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 purchasing an additional 1,135,800 shares during the period. Morgan Stanley lifted its position in 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 buying an additional 130,885 shares during the period. Raymond James Financial Inc. lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 9.8% during the fourth quarter. Raymond James Financial Inc. now owns 14,105,263 shares of the company’s stock worth $540,514,000 after buying an additional 1,261,249 shares during the period. Bank of America Corp DE boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% in the 3rd quarter. Bank of America Corp DE now owns 7,982,389 shares of the company’s stock worth $303,486,000 after buying an additional 614,123 shares during the last quarter. Finally, Cetera Investment Advisers boosted 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 worth $295,675,000 after buying an additional 451,662 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

SDVY opened at $43.16 on Friday. The stock has a market capitalization of $11.35 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01. The business has a 50-day moving average of $41.93 and a two-hundred day moving average of $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 business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.0901 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.36 annualized dividend 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.