Richmond Investment Services LLC Has $16.35 Million Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Richmond Investment Services LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 4.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 414,692 shares of the company’s stock after purchasing an additional 17,972 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF comprises about 2.6% of Richmond Investment Services LLC’s portfolio, making the stock its 8th biggest position. Richmond Investment Services LLC owned 0.16% of First Trust SMID Cap Rising Dividend Achievers ETF worth $16,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of SDVY. Axxcess Wealth Management LLC lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 11.6% during the 1st quarter. Axxcess Wealth Management LLC now owns 297,107 shares of the company’s stock worth $11,715,000 after buying an additional 30,924 shares in the last quarter. Advance Capital Management Inc. increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 35.1% in the 1st quarter. Advance Capital Management Inc. now owns 12,048 shares of the company’s stock valued at $475,000 after buying an additional 3,133 shares during the period. Ascentis Independent Advisors raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 112.3% during the first quarter. Ascentis Independent Advisors now owns 120,647 shares of the company’s stock worth $4,757,000 after acquiring an additional 63,829 shares during the last quarter. Walkner Condon Financial Advisors LLC raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 23.4% during the first quarter. Walkner Condon Financial Advisors LLC now owns 43,585 shares of the company’s stock worth $1,719,000 after acquiring an additional 8,260 shares during the last quarter. Finally, Koshinski Asset Management Inc. lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 3.3% during the first quarter. Koshinski Asset Management Inc. now owns 43,376 shares of the company’s stock valued at $1,710,000 after acquiring an additional 1,373 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 0.8%

First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $43.04 on Wednesday. The business’s 50-day simple moving average is $41.98 and its 200 day simple moving average is $41.06. The stock has a market cap of $11.32 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 12-month low of $35.03 and a 12-month high of $43.63.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.0901 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, June 25th.

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.