Janney Montgomery Scott LLC Buys 32,466 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Janney Montgomery Scott LLC lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 3.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 944,146 shares of the company’s stock after purchasing an additional 32,466 shares during the period. Janney Montgomery Scott LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $40,730,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Oakworth Capital Inc. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at $25,000. Smartleaf Asset Management LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at about $28,000. EQ Wealth Advisors LLC acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth about $30,000. Anchor Investment Management LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 1st quarter worth about $30,000. Finally, High Note Wealth LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at about $32,000.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 0.4%

Shares of NASDAQ SDVY opened at $44.83 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $36.40 and a 1 year high of $45.11. The firm’s 50-day moving average is $43.20 and its 200-day moving average is $41.86. The firm has a market capitalization of $11.85 billion, a PE ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

About First Trust SMID Cap Rising Dividend Achievers ETF

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.