VestGen Advisors LLC Has $8.74 Million Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

VestGen Advisors LLC increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 20.7% during the second quarter, Holdings Channel.com reports. The fund owned 247,589 shares of the company’s stock after purchasing an additional 42,382 shares during the quarter. VestGen Advisors LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $8,735,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SDVY. Harbour Investments Inc. increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 472.9% during the second quarter. Harbour Investments Inc. now owns 2,835,642 shares of the company’s stock worth $100,041,000 after purchasing an additional 2,340,638 shares during the period. Raymond James Financial Inc. grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 17.5% during the first quarter. Raymond James Financial Inc. now owns 12,496,285 shares of the company’s stock worth $418,626,000 after buying an additional 1,860,262 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 29.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,939,333 shares of the company’s stock worth $68,420,000 after buying an additional 445,817 shares in the last quarter. Royal Bank of Canada increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 5.3% during the 1st quarter. Royal Bank of Canada now owns 5,893,579 shares of the company’s stock worth $197,436,000 after acquiring an additional 294,498 shares during the period. Finally, Richmond Investment Services LLC increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 103.2% during the 2nd quarter. Richmond Investment Services LLC now owns 560,714 shares of the company’s stock worth $19,782,000 after acquiring an additional 284,745 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

NASDAQ:SDVY opened at $38.20 on Friday. The company has a market cap of $9.18 billion, a price-to-earnings ratio of 14.54 and a beta of 1.12. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $28.84 and a fifty-two week high of $40.32. The stock has a fifty day moving average price of $37.61 and a 200-day moving average price of $36.66.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were given a dividend of $0.095 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.38 annualized dividend and a yield of 1.0%.

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.