IFG Advisory LLC Has $2.72 Million Stake in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

IFG Advisory LLC reduced its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 51.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,457 shares of the company’s stock after selling 74,544 shares during the quarter. IFG Advisory LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $2,717,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SDVY. Focus Partners Wealth lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 41.2% during the 1st quarter. Focus Partners Wealth now owns 43,712 shares of the company’s stock worth $1,464,000 after acquiring an additional 12,748 shares during the period. Hantz Financial Services Inc. acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter worth about $33,000. Bank of Montreal Can lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 4,082.8% during the second quarter. Bank of Montreal Can now owns 1,213 shares of the company’s stock worth $43,000 after purchasing an additional 1,184 shares during the period. Atlantic Union Bankshares Corp bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the second quarter worth about $34,000. Finally, Fairway Financial LLC boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 8.8% during the second quarter. Fairway Financial LLC now owns 57,510 shares of the company’s stock valued at $2,029,000 after purchasing an additional 4,650 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 1.5%

Shares of SDVY opened at $41.03 on Friday. The stock has a market cap of $10.29 billion, a PE ratio of 14.54 and a beta of 1.12. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $28.84 and a 1 year high of $42.89. The stock has a 50 day simple moving average of $40.86 and a 200-day simple moving average of $38.96.

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. Stockholders of record on Friday, December 12th were issued a $0.1305 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend 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.

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.