Focus Financial Network Inc. Buys 202,261 Shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Focus Financial Network Inc. lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 119.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 371,815 shares of the company’s stock after buying an additional 202,261 shares during the quarter. Focus Financial Network Inc. owned approximately 0.16% of First Trust SMID Cap Rising Dividend Achievers ETF worth $12,456,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Columbia Advisory Partners LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 95.3% in the first quarter. Columbia Advisory Partners LLC now owns 17,854 shares of the company’s stock worth $598,000 after buying an additional 8,711 shares in the last quarter. CX Institutional grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.5% in the first quarter. CX Institutional now owns 108,147 shares of the company’s stock valued at $3,623,000 after purchasing an additional 4,668 shares in the last quarter. Trueblood Wealth Management LLC increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 7.3% in the first quarter. Trueblood Wealth Management LLC now owns 87,462 shares of the company’s stock worth $2,930,000 after purchasing an additional 5,948 shares during the last quarter. Ipsen Advisor Group LLC raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 11.8% during the first quarter. Ipsen Advisor Group LLC now owns 54,211 shares of the company’s stock valued at $1,816,000 after purchasing an additional 5,713 shares in the last quarter. Finally, Simplicity Wealth LLC lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% during the first quarter. Simplicity Wealth LLC now owns 86,186 shares of the company’s stock valued at $2,887,000 after purchasing an additional 6,586 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 0.3%

Shares of NASDAQ:SDVY opened at $35.05 on Wednesday. The firm has a fifty day simple moving average of $33.11 and a two-hundred day simple moving average of $35.17. The stock has a market capitalization of $8.15 billion, a P/E ratio of 13.22 and a beta of 1.18. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $28.84 and a 52 week high of $40.60.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a dividend of $0.1576 per share. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14. This represents a $0.63 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Thursday, March 27th.

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.