NewEdge Advisors LLC Grows Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

NewEdge Advisors LLC increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 28.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,197,586 shares of the company’s stock after purchasing an additional 265,188 shares during the period. NewEdge Advisors LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $51,664,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SDVY. Raymond James Financial Inc. raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 9.8% in the fourth quarter. Raymond James Financial Inc. now owns 14,105,263 shares of the company’s stock valued at $540,514,000 after buying an additional 1,261,249 shares during the last quarter. LPL Financial LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% during the fourth quarter. LPL Financial LLC now owns 24,892,169 shares of the company’s stock worth $953,868,000 after buying an additional 1,135,800 shares during the last quarter. Elevation Point Wealth Partners LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 14,172.1% during the first quarter. Elevation Point Wealth Partners LLC now owns 1,039,862 shares of the company’s stock worth $41,002,000 after buying an additional 1,032,576 shares during the last quarter. Axxcess Wealth Management LLC increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 4,508.1% in the 4th quarter. Axxcess Wealth Management LLC now owns 806,331 shares of the company’s stock valued at $30,899,000 after acquiring an additional 788,833 shares during the period. Finally, Decker Wealth Management LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 1st quarter valued at about $24,789,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 0.9%

SDVY opened at $42.57 on Thursday. The business has a 50 day moving average price of $43.63 and a two-hundred day moving average price of $42.12. The company has a market cap of $11.25 billion, a PE ratio of 14.54 and a beta of 1.00. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $36.40 and a 52 week high of $45.11.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.0901 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%.

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.