Insigneo Advisory Services LLC Acquires 2,914 Shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Insigneo Advisory Services LLC raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 14.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,997 shares of the company’s stock after acquiring an additional 2,914 shares during the quarter. Insigneo Advisory Services LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $770,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 22.0% during the 4th quarter. LPL Financial LLC now owns 21,935,886 shares of the company’s stock worth $786,401,000 after purchasing an additional 3,948,772 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 20.6% during the fourth quarter. Wells Fargo & Company MN now owns 12,732,120 shares of the company’s stock valued at $456,447,000 after buying an additional 2,172,523 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at about $381,301,000. Bank of America Corp DE boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 23.0% in the 4th quarter. Bank of America Corp DE now owns 7,099,053 shares of the company’s stock valued at $254,501,000 after buying an additional 1,327,323 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 28.5% in the 4th quarter. Royal Bank of Canada now owns 5,599,081 shares of the company’s stock worth $200,728,000 after buying an additional 1,241,896 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 1.0%

NASDAQ SDVY opened at $34.28 on Wednesday. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $28.84 and a 52 week high of $40.60. The company has a 50 day moving average price of $33.54 and a 200 day moving average price of $34.98. The firm has a market cap of $7.97 billion, a PE ratio of 13.22 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 Achievers ETF’s previous quarterly dividend of $0.14. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.84%.

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.