United Advisor Group LLC Acquires 9,647 Shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

United Advisor Group LLC increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 28.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,395 shares of the company’s stock after purchasing an additional 9,647 shares during the quarter. United Advisor Group LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $1,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Creative Financial Designs Inc. ADV lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 51.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 67,526 shares of the company’s stock valued at $2,421,000 after purchasing an additional 22,828 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at $2,553,000. Janney Montgomery Scott LLC lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 46.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 713,298 shares of the company’s stock valued at $25,572,000 after purchasing an additional 227,413 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 28.5% during the fourth quarter. Allworth Financial LP now owns 12,950 shares of the company’s stock valued at $490,000 after purchasing an additional 2,872 shares in the last quarter. Finally, Tyler Stone Wealth Management lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 14.0% during the fourth quarter. Tyler Stone Wealth Management now owns 36,274 shares of the company’s stock valued at $1,300,000 after purchasing an additional 4,457 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $34.00 on Friday. The stock has a market cap of $7.90 billion, a PE ratio of 13.22 and a beta of 1.18. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $28.84 and a one year high of $40.60. The stock has a fifty day moving average of $32.90 and a 200 day moving average of $35.50.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a $0.1576 dividend. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 27th. This represents a $0.63 dividend on an annualized basis and a yield of 1.85%.

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.