Stegent Equity Advisors Inc. Makes New Investment in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Stegent Equity Advisors Inc. bought a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 24,364 shares of the company’s stock, valued at approximately $813,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SDVY. ORBA Wealth Advisors L.L.C. purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter worth $933,000. Private Advisor Group LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 43.6% during the 4th quarter. Private Advisor Group LLC now owns 697,464 shares of the company’s stock worth $22,856,000 after acquiring an additional 211,827 shares during the period. Osaic Holdings Inc. raised its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 7.6% during the 1st quarter. Osaic Holdings Inc. now owns 1,769,500 shares of the company’s stock worth $61,619,000 after acquiring an additional 125,091 shares during the period. Financial Advocates Investment Management raised its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 8.7% during the 4th quarter. Financial Advocates Investment Management now owns 97,863 shares of the company’s stock worth $3,207,000 after acquiring an additional 7,804 shares during the period. Finally, B. Riley Wealth Advisors Inc. raised its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 76.0% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 34,027 shares of the company’s stock worth $1,115,000 after acquiring an additional 14,689 shares during the period.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

Shares of NASDAQ SDVY traded up $0.31 during trading on Friday, hitting $36.00. 1,025,159 shares of the company were exchanged, compared to its average volume of 1,120,742. First Trust SMID Cap Rising Dividend Archievers ETF has a 12-month low of $26.40 and a 12-month high of $37.25. The company has a fifty day moving average price of $34.55 and a 200-day moving average price of $33.90. The firm has a market capitalization of $5.40 billion, a PE ratio of 8.30 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a dividend of $0.1503 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.67%.

First Trust SMID Cap Rising Dividend Archievers 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.