Independent Financial Group LLC Makes New Investment in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Independent Financial Group LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 304,547 shares of the company’s stock, valued at approximately $12,008,000.

Other large investors also recently modified their holdings of the company. TD Waterhouse Canada Inc. boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 15,085 shares of the company’s stock valued at $578,000 after buying an additional 251 shares during the period. Keystone Financial Services LLC raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 1.3% during the fourth quarter. Keystone Financial Services LLC now owns 19,815 shares of the company’s stock worth $759,000 after acquiring an additional 252 shares during the period. Allie Family Office LLC raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 2.3% during the fourth quarter. Allie Family Office LLC now owns 11,545 shares of the company’s stock worth $442,000 after acquiring an additional 264 shares during the period. Arbor Capital Management Inc. ADV lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 2.2% in the first quarter. Arbor Capital Management Inc. ADV now owns 12,440 shares of the company’s stock worth $515,000 after acquiring an additional 267 shares during the last quarter. Finally, Insight Inv LLC lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 2.0% in the fourth quarter. Insight Inv LLC now owns 13,770 shares of the company’s stock worth $528,000 after acquiring an additional 270 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 1.6%

Shares of SDVY stock opened at $43.71 on Friday. The business has a 50 day moving average of $42.09 and a two-hundred day moving average of $41.25. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $35.03 and a 52 week high of $43.71. The company has a market cap of $11.54 billion, a P/E ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

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.