Smith Moore & CO. Boosts Stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Smith Moore & CO. grew its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 24.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,418 shares of the company’s stock after buying an additional 3,982 shares during the period. Smith Moore & CO.’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $732,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Thoroughbred Financial Services LLC purchased a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter worth about $481,000. World Investment Advisors raised its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 5.7% in the fourth quarter. World Investment Advisors now owns 30,856 shares of the company’s stock valued at $1,106,000 after buying an additional 1,653 shares during the last quarter. OneAscent Financial Services LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter valued at approximately $1,267,000. Headlands Technologies LLC boosted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 307.1% during the fourth quarter. Headlands Technologies LLC now owns 802 shares of the company’s stock worth $29,000 after acquiring an additional 605 shares during the last quarter. Finally, StoneX Group Inc. grew its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 2.2% in the 4th quarter. StoneX Group Inc. now owns 686,084 shares of the company’s stock worth $24,596,000 after acquiring an additional 14,995 shares during the period.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Down 4.5 %

Shares of First Trust SMID Cap Rising Dividend Archievers ETF stock opened at $30.31 on Friday. First Trust SMID Cap Rising Dividend Archievers ETF has a fifty-two week low of $29.67 and a fifty-two week high of $40.60. The business’s fifty day moving average is $35.11 and its two-hundred day moving average is $36.45. The firm has a market cap of $7.07 billion, a PE ratio of 13.43 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.1576 per share. The ex-dividend date of this dividend was Thursday, March 27th. This is an increase from First Trust SMID Cap Rising Dividend Archievers ETF’s previous quarterly dividend of $0.14. This represents a $0.63 annualized dividend and a yield of 2.08%.

First Trust SMID Cap Rising Dividend Archievers ETF Company 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.