Krilogy Financial LLC Acquires New Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Krilogy Financial LLC acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 16,890 shares of the company’s stock, valued at approximately $636,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Silver Oak Securities Incorporated increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 54.8% in the 3rd quarter. Silver Oak Securities Incorporated now owns 87,799 shares of the company’s stock valued at $3,338,000 after purchasing an additional 31,072 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 17.1% during the third quarter. Commonwealth Equity Services LLC now owns 3,384,431 shares of the company’s stock worth $128,674,000 after buying an additional 494,306 shares in the last quarter. Formidable Asset Management LLC grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 17.2% during the third quarter. Formidable Asset Management LLC now owns 87,779 shares of the company’s stock worth $3,097,000 after buying an additional 12,862 shares during the period. Precedent Wealth Partners LLC increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 14.3% in the third quarter. Precedent Wealth Partners LLC now owns 244,732 shares of the company’s stock valued at $9,305,000 after buying an additional 30,683 shares in the last quarter. Finally, D.A. Davidson & CO. increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 4.0% in the third quarter. D.A. Davidson & CO. now owns 669,617 shares of the company’s stock valued at $25,458,000 after buying an additional 25,832 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ:SDVY opened at $42.17 on Friday. The firm has a market capitalization of $10.57 billion, a price-to-earnings ratio of 14.54 and a beta of 1.12. The business’s 50 day simple moving average is $40.03 and its 200-day simple moving average is $38.42. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $28.84 and a 12 month high of $42.89.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently announced 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. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10. This represents a $0.52 dividend on an annualized basis and a yield of 1.2%.

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.