Focus Financial Network Inc. Increases Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Focus Financial Network Inc. lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 6.5% during the second quarter, HoldingsChannel reports. The firm owned 442,090 shares of the company’s stock after purchasing an additional 26,976 shares during the quarter. Focus Financial Network Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $19,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Eagle Bay Advisors LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth about $25,000. Oakworth Capital Inc. bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth about $25,000. Smartleaf Asset Management LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at about $28,000. Anchor Investment Management LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the first quarter valued at about $30,000. Finally, EQ Wealth Advisors LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at approximately $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $44.60 on Monday. The firm has a 50 day moving average price of $42.86 and a 200-day moving average price of $41.72. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $36.20 and a twelve month high of $45.11. The company has a market capitalization of $11.79 billion, a P/E ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

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.