Murphy Middleton Hinkle & Parker Inc. Takes Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Murphy Middleton Hinkle & Parker Inc. purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,929 shares of the company’s stock, valued at approximately $515,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at $28,000. Anchor Investment Management LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 1st quarter worth $30,000. High Note Wealth LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth $32,000. Russell Investments Group Ltd. increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 254.2% during the fourth quarter. Russell Investments Group Ltd. now owns 1,151 shares of the company’s stock valued at $44,000 after buying an additional 826 shares during the period. Finally, Torren Management LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the first quarter valued at $50,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

SDVY stock opened at $42.76 on Wednesday. The business has a 50-day moving average price of $43.61 and a 200 day moving average price of $42.08. The company has a market capitalization of $11.30 billion, a P/E ratio of 14.54 and a beta of 1.00. First Trust SMID Cap Rising Dividend Achievers ETF has a 1-year low of $36.40 and a 1-year high of $45.11.

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. Shareholders of record on Thursday, June 25th were given 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 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.