2,139 Shares in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Acquired by Financial Network Wealth Advisors LLC

Financial Network Wealth Advisors LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,139 shares of the company’s stock, valued at approximately $72,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at approximately $31,000. Bank of Montreal Can bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at approximately $43,000. Sunbelt Securities Inc. bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at approximately $55,000. Harbor Investment Advisory LLC lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 38.8% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,610 shares of the company’s stock valued at $54,000 after acquiring an additional 450 shares in the last quarter. Finally, Centaurus Financial Inc. bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at approximately $110,000.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 1.5%

SDVY stock opened at $37.75 on Thursday. The stock has a market capitalization of $8.75 billion, a PE ratio of 14.54 and a beta of 1.18. First Trust SMID Cap Rising Dividend Achievers ETF has a 12-month low of $28.84 and a 12-month high of $40.60. The stock’s 50 day simple moving average is $35.72 and its 200 day simple moving average is $34.67.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were given a $0.1178 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $0.47 annualized dividend and a yield of 1.2%.

First Trust SMID Cap Rising Dividend Achievers ETF 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.