First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY – Get Free Report) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 40,207 shares, a decline of 81.2% from the September 30th total of 213,753 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,111,609 shares, the days-to-cover ratio is currently 0.0 days.
First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 0.4%
Shares of NASDAQ SDVY opened at $42.23 on Tuesday. The company’s 50-day moving average price is $42.32 and its 200 day moving average price is $41.85. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $36.40 and a 52 week high of $45.11. The stock has a market cap of $11.14 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01.
First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a $0.1002 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.9%. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901. The ex-dividend date of this dividend was Thursday, September 24th.
Institutional Trading of First Trust SMID Cap Rising Dividend Achievers ETF
Several large investors have recently modified their holdings of SDVY. MCF Advisors LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the second quarter worth $9,702,000. Pinnacle Wealth Management Advisory Group LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 9.7% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 212,206 shares of the company’s stock worth $9,155,000 after acquiring an additional 18,769 shares during the last quarter. Guardian Wealth Advisors LLC NC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.4% in the second quarter. Guardian Wealth Advisors LLC NC now owns 571,663 shares of the company’s stock valued at $24,662,000 after acquiring an additional 24,311 shares in the last quarter. Benjamin Edwards Inc. lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 13.0% in the second quarter. Benjamin Edwards Inc. now owns 298,897 shares of the company’s stock valued at $12,896,000 after acquiring an additional 34,295 shares in the last quarter. Finally, Southern Financial Group LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.9% in the first quarter. Southern Financial Group LLC now owns 1,303,502 shares of the company’s stock valued at $51,397,000 after acquiring an additional 11,694 shares in the last quarter.
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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