First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY – Get Free Report) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 67,857 shares, a decrease of 56.6% from the May 31st total of 156,290 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,247,900 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Investors Weigh In On First Trust SMID Cap Rising Dividend Achievers ETF
A number of institutional investors and hedge funds have recently modified their holdings of SDVY. LPL Financial LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% during the 4th quarter. LPL Financial LLC now owns 24,892,169 shares of the company’s stock valued at $953,868,000 after acquiring an additional 1,135,800 shares during the last quarter. Morgan Stanley raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 0.7% in the fourth quarter. Morgan Stanley now owns 17,946,856 shares of the company’s stock valued at $687,724,000 after purchasing an additional 130,885 shares in the last quarter. Raymond James Financial Inc. lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 9.8% during the fourth quarter. Raymond James Financial Inc. now owns 14,105,263 shares of the company’s stock valued at $540,514,000 after purchasing an additional 1,261,249 shares during the last quarter. Bank of America Corp DE lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 6.3% during the first quarter. Bank of America Corp DE now owns 9,463,585 shares of the company’s stock valued at $373,149,000 after purchasing an additional 564,137 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% in the 1st quarter. Cetera Investment Advisers now owns 7,943,362 shares of the company’s stock worth $313,207,000 after buying an additional 227,423 shares in the last quarter.
First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 0.5%
Shares of SDVY stock traded up $0.20 during trading hours on Tuesday, hitting $43.14. 939,893 shares of the company were exchanged, compared to its average volume of 1,519,480. The firm has a fifty day simple moving average of $41.89 and a 200 day simple moving average of $40.92. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $35.03 and a 52-week high of $43.44. The stock has a market capitalization of $11.17 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01.
First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend
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.
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