Janney Montgomery Scott LLC Buys 51,113 Shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Janney Montgomery Scott LLC lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 7.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 764,411 shares of the company’s stock after buying an additional 51,113 shares during the quarter. Janney Montgomery Scott LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $25,608,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 51.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 67,526 shares of the company’s stock valued at $2,421,000 after acquiring an additional 22,828 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at about $2,553,000. Allworth Financial LP lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 28.5% in the 4th quarter. Allworth Financial LP now owns 12,950 shares of the company’s stock valued at $490,000 after purchasing an additional 2,872 shares during the last quarter. Tyler Stone Wealth Management grew its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 14.0% during the fourth quarter. Tyler Stone Wealth Management now owns 36,274 shares of the company’s stock worth $1,300,000 after purchasing an additional 4,457 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 15.5% during the fourth quarter. Bank of New York Mellon Corp now owns 7,943 shares of the company’s stock worth $285,000 after purchasing an additional 1,067 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 1.0%

Shares of NASDAQ SDVY opened at $34.28 on Wednesday. The business’s 50 day moving average price is $33.54 and its two-hundred day moving average price is $34.98. The company has a market cap of $7.97 billion, a PE ratio of 13.22 and a beta of 1.18. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $28.84 and a twelve month high of $40.60.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a dividend of $0.1576 per share. The ex-dividend date was Thursday, March 27th. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.84%.

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.