Sound Portfolio Advisors LLC Acquires Shares of 97,767 First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Sound Portfolio Advisors LLC acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 97,767 shares of the company’s stock, valued at approximately $3,746,000. First Trust SMID Cap Rising Dividend Achievers ETF makes up approximately 3.1% of Sound Portfolio Advisors LLC’s investment portfolio, making the stock its 10th biggest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at approximately $25,000. Bank of Jackson Hole Trust purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 3rd quarter valued at approximately $25,000. Oakworth Capital Inc. purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at approximately $25,000. Trust Co. of Vermont purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at approximately $27,000. Finally, EQ Wealth Advisors LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at approximately $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 1.3%

Shares of SDVY opened at $40.80 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $33.54 and a twelve month high of $42.89. The stock’s 50 day moving average is $40.77 and its two-hundred day moving average is $39.98. The firm has a market capitalization of $10.56 billion, a PE ratio of 14.54 and a beta of 1.04.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a $0.0976 dividend. This represents a $0.39 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, March 26th.

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.