Nations Financial Group Inc. IA ADV Acquires 17,547 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Nations Financial Group Inc. IA ADV increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 9.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 205,065 shares of the company’s stock after acquiring an additional 17,547 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $7,858,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GoalVest Advisory LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter worth approximately $25,000. Bank of Jackson Hole Trust bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter worth approximately $25,000. Eagle Bay Advisors LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth approximately $25,000. Trust Co. of Vermont bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth approximately $27,000. Finally, Princeton Global Asset Management LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter worth approximately $36,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of SDVY stock opened at $41.45 on Thursday. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $30.42 and a 52-week high of $42.89. The firm has a market capitalization of $10.63 billion, a P/E ratio of 14.54 and a beta of 1.06. The stock has a 50 day moving average price of $40.83 and a 200 day moving average price of $39.37.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.0976 per share. This represents a $0.39 annualized dividend and a yield of 0.9%. The ex-dividend date was Thursday, March 26th.

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.