Nations Financial Group Inc. IA ADV Raises Stock Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Nations Financial Group Inc. IA ADV grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 9.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 224,997 shares of the company’s stock after buying an additional 19,932 shares during the quarter. Nations Financial Group Inc. IA ADV owned 0.09% of First Trust SMID Cap Rising Dividend Achievers ETF worth $8,872,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SDVY. Focus Partners Wealth grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 41.2% in the first quarter. Focus Partners Wealth now owns 43,712 shares of the company’s stock worth $1,464,000 after purchasing an additional 12,748 shares in the last quarter. Creative Planning lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 31.9% in the 2nd quarter. Creative Planning now owns 9,390 shares of the company’s stock worth $331,000 after buying an additional 2,270 shares during the period. Brown Advisory Inc. lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.6% in the 2nd quarter. Brown Advisory Inc. now owns 14,098 shares of the company’s stock worth $497,000 after buying an additional 621 shares during the period. Cerity Partners LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 2nd quarter worth $1,897,000. Finally, Qube Research & Technologies Ltd grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 189.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 368,711 shares of the company’s stock worth $13,008,000 after buying an additional 241,547 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $42.22 on Friday. The firm has a market cap of $10.93 billion, a P/E ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $34.21 and a 12 month high of $42.90. The stock’s fifty day moving average price is $41.73 and its 200-day moving average price is $40.69.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.0976 per share. This represents a $0.39 annualized dividend and a yield of 0.9%. The ex-dividend date was Thursday, March 26th.

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.