Procyon Advisors LLC Takes $7.72 Million Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Procyon Advisors LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the second quarter, HoldingsChannel.com reports. The firm bought 218,908 shares of the company’s stock, valued at approximately $7,723,000.

Other institutional investors also recently modified their holdings of the company. Park Square Financial Group LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at about $31,000. Sunbelt Securities Inc. bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at about $55,000. Harbor Investment Advisory LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 38.8% in the first quarter. Harbor Investment Advisory LLC now owns 1,610 shares of the company’s stock valued at $54,000 after acquiring an additional 450 shares during the period. Financial Network Wealth Advisors LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the first quarter valued at about $72,000. Finally, Centaurus Financial Inc. acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at about $110,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 0.5%

SDVY stock opened at $37.94 on Wednesday. The company has a market cap of $8.80 billion, a PE ratio of 14.54 and a beta of 1.18. The business has a 50-day simple moving average of $37.01 and a 200 day simple moving average of $34.84. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $28.84 and a 52 week high of $40.60.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were paid a $0.1178 dividend. This represents a $0.47 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, June 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.