MCF Advisors LLC Takes $9.70 Million Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

MCF Advisors LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 224,900 shares of the company’s stock, valued at approximately $9,702,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Capital Analysts LLC boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.1% in the 2nd quarter. Capital Analysts LLC now owns 36,495 shares of the company’s stock valued at $1,574,000 after purchasing an additional 1,431 shares during the last quarter. Capital Advantage Inc. grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.2% in the 2nd quarter. Capital Advantage Inc. now owns 86,871 shares of the company’s stock valued at $3,748,000 after purchasing an additional 5,099 shares during the period. Pinnacle Wealth Management Advisory Group LLC increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 9.7% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 212,206 shares of the company’s stock worth $9,155,000 after purchasing an additional 18,769 shares in the last quarter. NewEdge Advisors LLC lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 28.4% in the second quarter. NewEdge Advisors LLC now owns 1,197,586 shares of the company’s stock valued at $51,664,000 after buying an additional 265,188 shares in the last quarter. Finally, IFP Advisors Inc increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.1% during the second quarter. IFP Advisors Inc now owns 16,772 shares of the company’s stock worth $724,000 after acquiring an additional 344 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

NASDAQ SDVY opened at $42.57 on Thursday. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $36.40 and a 52 week high of $45.11. The stock’s 50 day moving average price is $43.63 and its two-hundred day moving average price is $42.12. The stock has a market capitalization of $11.25 billion, a price-to-earnings ratio of 14.54 and a beta of 1.00.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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