First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Shares Acquired by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 246.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 110,789 shares of the company’s stock after purchasing an additional 78,784 shares during the quarter. Main Street Financial Solutions LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $4,245,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. AQR Capital Management LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 28.7% during the 4th quarter. AQR Capital Management LLC now owns 28,979 shares of the company’s stock worth $1,110,000 after purchasing an additional 6,466 shares during the period. Cetera Investment Advisers grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 6.2% in the 4th quarter. Cetera Investment Advisers now owns 7,715,939 shares of the company’s stock valued at $295,675,000 after acquiring an additional 451,662 shares during the last quarter. Hilltop Holdings Inc. grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 8.1% in the 4th quarter. Hilltop Holdings Inc. now owns 46,657 shares of the company’s stock valued at $1,788,000 after acquiring an additional 3,490 shares during the last quarter. Equitable Holdings Inc. grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 10.1% in the 4th quarter. Equitable Holdings Inc. now owns 561,529 shares of the company’s stock valued at $21,518,000 after acquiring an additional 51,337 shares during the last quarter. Finally, Kovack Advisors Inc. grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 63.3% in the 4th quarter. Kovack Advisors Inc. now owns 28,649 shares of the company’s stock valued at $1,098,000 after acquiring an additional 11,109 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 1.2%

Shares of NASDAQ SDVY opened at $41.97 on Thursday. The stock has a market cap of $10.86 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $34.21 and a 52 week high of $42.90. The company’s 50-day moving average price is $41.66 and its 200 day moving average price is $40.65.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.0976 dividend. This represents a $0.39 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend 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.