Kestra Advisory Services LLC Raises Stock Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Kestra Advisory Services LLC boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 5.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,659,688 shares of the company’s stock after purchasing an additional 87,259 shares during the period. Kestra Advisory Services LLC owned approximately 0.64% of First Trust SMID Cap Rising Dividend Achievers ETF worth $65,441,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SDVY. Eagle Bay Advisors LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth $25,000. Oakworth Capital Inc. purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at $25,000. Trust Co. of Vermont bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at about $27,000. Smartleaf Asset Management LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at about $28,000. Finally, EQ Wealth Advisors LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth about $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 1.0%

First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $42.80 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $35.03 and a 52-week high of $43.63. The company has a market cap of $11.28 billion, a P/E ratio of 14.54 and a beta of 1.01. The business has a 50-day simple moving average of $41.99 and a two-hundred day simple moving average of $41.12.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.0901 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%.

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.