DAVENPORT & Co LLC Boosts Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

DAVENPORT & Co LLC lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 11.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,158 shares of the company’s stock after buying an additional 2,546 shares during the period. DAVENPORT & Co LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $888,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SDVY. Woodmont Investment Counsel LLC boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 16.0% in the second quarter. Woodmont Investment Counsel LLC now owns 18,761 shares of the company’s stock valued at $662,000 after acquiring an additional 2,581 shares in the last quarter. Merit Financial Group LLC lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 14.5% in the 2nd quarter. Merit Financial Group LLC now owns 96,442 shares of the company’s stock valued at $3,402,000 after purchasing an additional 12,193 shares during the last quarter. Beacon Financial Advisory LLC increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 26.3% during the second quarter. Beacon Financial Advisory LLC now owns 53,156 shares of the company’s stock worth $1,875,000 after buying an additional 11,060 shares during the period. Simplicity Wealth LLC increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 8.2% during the second quarter. Simplicity Wealth LLC now owns 93,263 shares of the company’s stock worth $3,290,000 after buying an additional 7,077 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 3.5% during the second quarter. Wealthcare Advisory Partners LLC now owns 270,260 shares of the company’s stock worth $9,535,000 after buying an additional 9,234 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 2.4%

Shares of SDVY opened at $36.47 on Friday. The firm has a market cap of $8.65 billion, a PE ratio of 14.54 and a beta of 1.18. The company’s 50 day simple moving average is $37.64 and its 200-day simple moving average is $35.35. First Trust SMID Cap Rising Dividend Achievers ETF has a 12-month low of $28.84 and a 12-month high of $40.60.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

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.