Sound Portfolio Advisors LLC Invests $3.75 Million in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Sound Portfolio Advisors LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 97,767 shares of the company’s stock, valued at approximately $3,746,000. First Trust SMID Cap Rising Dividend Achievers ETF makes up approximately 3.1% of Sound Portfolio Advisors LLC’s portfolio, making the stock its 10th biggest position.

Other institutional investors have also modified their holdings of the company. Eagle Bay Advisors LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth approximately $25,000. Bank of Jackson Hole Trust purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter worth approximately $25,000. Oakworth Capital Inc. purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth approximately $25,000. Trust Co. of Vermont purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth approximately $27,000. Finally, EQ Wealth Advisors LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth approximately $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ:SDVY opened at $40.80 on Friday. The business’s 50 day simple moving average is $40.77 and its 200-day simple moving average is $39.98. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 14.54 and a beta of 1.04. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $33.54 and a 12 month high of $42.89.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.0976 per share. This represents a $0.39 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, March 26th.

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.