Truist Financial Corp Purchases 86,400 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Truist Financial Corp boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 3.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,458,183 shares of the company’s stock after buying an additional 86,400 shares during the quarter. Truist Financial Corp’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $93,459,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of SDVY. Harbour Investments Inc. raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 472.9% in the second quarter. Harbour Investments Inc. now owns 2,835,642 shares of the company’s stock valued at $100,041,000 after purchasing an additional 2,340,638 shares during the last quarter. Commonwealth Equity Services LLC grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 17.1% in the third quarter. Commonwealth Equity Services LLC now owns 3,384,431 shares of the company’s stock valued at $128,674,000 after purchasing an additional 494,306 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 29.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,939,333 shares of the company’s stock valued at $68,420,000 after buying an additional 445,817 shares during the last quarter. Richmond Investment Services LLC lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 103.2% during the 2nd quarter. Richmond Investment Services LLC now owns 560,714 shares of the company’s stock worth $19,782,000 after buying an additional 284,745 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 11.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,744,843 shares of the company’s stock worth $96,848,000 after buying an additional 275,395 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ SDVY opened at $40.25 on Thursday. The business has a 50-day moving average of $39.16 and a 200-day moving average of $37.98. The stock has a market capitalization of $10.07 billion, a price-to-earnings ratio of 14.54 and a beta of 1.12. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $28.84 and a fifty-two week high of $41.33.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.1305 per share. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.52 annualized dividend and a dividend yield of 1.3%.

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.