First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Position Boosted by Procyon Advisors LLC

Procyon Advisors LLC boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 17.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 291,405 shares of the company’s stock after acquiring an additional 44,143 shares during the quarter. Procyon Advisors LLC owned 0.11% of First Trust SMID Cap Rising Dividend Achievers ETF worth $11,490,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SDVY. Capital Advantage Inc. raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 40.5% during the fourth quarter. Capital Advantage Inc. now owns 77,232 shares of the company’s stock valued at $2,960,000 after purchasing an additional 22,276 shares in the last quarter. Econ Financial Services Corp increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 26.1% during the 4th quarter. Econ Financial Services Corp now owns 179,719 shares of the company’s stock valued at $6,887,000 after buying an additional 37,184 shares during the period. CWM LLC raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 7.4% during the 4th quarter. CWM LLC now owns 448,472 shares of the company’s stock worth $17,185,000 after buying an additional 30,845 shares in the last quarter. Arvest Investments Inc. raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 10.7% during the 4th quarter. Arvest Investments Inc. now owns 263,558 shares of the company’s stock worth $10,100,000 after buying an additional 25,490 shares in the last quarter. Finally, Virtus Family Office LLC boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 14.1% in the fourth quarter. Virtus Family Office LLC now owns 106,427 shares of the company’s stock valued at $4,078,000 after acquiring an additional 13,183 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

NASDAQ SDVY opened at $42.99 on Monday. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $35.03 and a 12 month high of $43.63. The firm has a market capitalization of $11.33 billion, a PE ratio of 14.54 and a beta of 1.01. The company’s 50 day simple moving average is $42.02 and its 200 day simple moving average is $41.14.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.0901 per share. The ex-dividend date 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 Company 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.