Owen LaRue LLC Buys 5,416 Shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Owen LaRue LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 4.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 136,178 shares of the company’s stock after purchasing an additional 5,416 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF comprises approximately 2.6% of Owen LaRue LLC’s portfolio, making the stock its 11th biggest position. Owen LaRue LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $4,882,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. DHK Financial Advisors Inc. grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.5% in the fourth quarter. DHK Financial Advisors Inc. now owns 58,897 shares of the company’s stock valued at $2,111,000 after acquiring an additional 297 shares in the last quarter. tru Independence LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.2% in the fourth quarter. tru Independence LLC now owns 31,039 shares of the company’s stock valued at $1,113,000 after acquiring an additional 362 shares in the last quarter. Pineridge Advisors LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 138.9% in the fourth quarter. Pineridge Advisors LLC now owns 762 shares of the company’s stock valued at $27,000 after acquiring an additional 443 shares in the last quarter. Capital Investment Counsel LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.3% in the fourth quarter. Capital Investment Counsel LLC now owns 212,062 shares of the company’s stock valued at $7,602,000 after acquiring an additional 549 shares in the last quarter. Finally, Clear Creek Financial Management LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.3% in the fourth quarter. Clear Creek Financial Management LLC now owns 11,419 shares of the company’s stock valued at $409,000 after acquiring an additional 574 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 0.4 %

SDVY stock opened at $32.55 on Tuesday. The firm has a market cap of $7.58 billion, a PE ratio of 12.77 and a beta of 1.18. The business has a 50 day moving average of $33.02 and a 200-day moving average of $35.84. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a $0.1576 dividend. This is an increase 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 annualized dividend and a yield of 1.94%.

First Trust SMID Cap Rising Dividend Achievers 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.