First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Stake Boosted by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 8.9% during the first quarter, HoldingsChannel reports. The fund owned 911,680 shares of the company’s stock after purchasing an additional 74,375 shares during the quarter. Janney Montgomery Scott LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $35,948,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eagle Bay Advisors LLC acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at $25,000. Oakworth Capital Inc. acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth about $25,000. Trust Co. of Vermont acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth about $27,000. Smartleaf Asset Management LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth about $28,000. Finally, EQ Wealth Advisors LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth about $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $42.94 on Tuesday. The firm has a market cap of $11.12 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01. 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 50-day simple moving average of $41.87 and a 200-day simple moving average of $40.89.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be given a dividend of $0.0901 per share. This represents a $0.36 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, June 25th.

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.