Moloney Securities Asset Management LLC Has $362,000 Stock Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Moloney Securities Asset Management LLC increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 2.9% during the second quarter, Holdings Channel.com reports. The fund owned 10,260 shares of the company’s stock after buying an additional 291 shares during the period. Moloney Securities Asset Management LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $362,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 120.9% in the second quarter. Fifth Third Bancorp now owns 952 shares of the company’s stock worth $34,000 after acquiring an additional 521 shares during the period. Financial Network Wealth Advisors LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the first quarter worth approximately $72,000. Pinnacle Bancorp Inc. lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 14.0% in the second quarter. Pinnacle Bancorp Inc. now owns 4,850 shares of the company’s stock worth $171,000 after acquiring an additional 595 shares during the period. Larson Financial Group LLC lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 15.5% in the first quarter. Larson Financial Group LLC now owns 5,728 shares of the company’s stock valued at $192,000 after buying an additional 770 shares during the period. Finally, HBK Sorce Advisory LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the first quarter valued at approximately $204,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of SDVY opened at $37.85 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $28.84 and a 52-week high of $40.60. The business’s 50 day moving average price is $37.80 and its two-hundred day moving average price is $35.74. The firm has a market cap of $9.04 billion, a PE ratio of 14.54 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were paid a $0.095 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.38 annualized dividend and a yield of 1.0%.

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.