Mutual Advisors LLC Purchases 15,885 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Mutual Advisors LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 18.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 100,018 shares of the company’s stock after buying an additional 15,885 shares during the quarter. Mutual Advisors LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $3,833,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SDVY. GoalVest Advisory LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the third quarter worth $25,000. Bank of Jackson Hole Trust bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the third quarter worth $25,000. Eagle Bay Advisors LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth $25,000. Oakworth Capital Inc. bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth $25,000. Finally, Trust Co. of Vermont bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth $27,000.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 0.5%

NASDAQ SDVY opened at $42.12 on Friday. The firm’s fifty day moving average price is $40.84 and its two-hundred day moving average price is $39.70. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $32.96 and a 1 year high of $42.89. The firm has a market capitalization of $10.90 billion, a P/E ratio of 14.54 and a beta of 1.04.

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. Stockholders of record on Thursday, March 26th were given a $0.0976 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.39 annualized dividend and a dividend yield of 0.9%.

First Trust SMID Cap Rising Dividend Achievers ETF 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.