Savvy Advisors Inc. Acquires New Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Savvy Advisors Inc. purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,104 shares of the company’s stock, valued at approximately $215,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. LPL Financial LLC raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 6.6% during the 1st quarter. LPL Financial LLC now owns 23,374,014 shares of the company’s stock valued at $783,029,000 after purchasing an additional 1,438,128 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 17.5% in the first quarter. Raymond James Financial Inc. now owns 12,496,285 shares of the company’s stock valued at $418,626,000 after acquiring an additional 1,860,262 shares in the last quarter. Royal Bank of Canada lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 5.3% in the first quarter. Royal Bank of Canada now owns 5,893,579 shares of the company’s stock worth $197,436,000 after acquiring an additional 294,498 shares during the period. Cetera Investment Advisers lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 45.1% in the first quarter. Cetera Investment Advisers now owns 5,003,154 shares of the company’s stock worth $167,606,000 after acquiring an additional 1,556,017 shares during the period. Finally, Capital Investment Advisors LLC grew its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 6.4% during the 2nd quarter. Capital Investment Advisors LLC now owns 3,972,146 shares of the company’s stock worth $140,137,000 after acquiring an additional 240,655 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

NASDAQ SDVY opened at $37.33 on Monday. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $28.84 and a one year high of $40.60. The company has a market capitalization of $8.94 billion, a price-to-earnings ratio of 14.54 and a beta of 1.12. The company’s 50-day simple moving average is $37.83 and its two-hundred day simple moving average is $36.02.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a $0.095 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.38 dividend on an annualized basis and a yield of 1.0%.

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.