Cambridge Investment Research Advisors Inc. Buys 163,309 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Cambridge Investment Research Advisors Inc. boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 7.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,350,328 shares of the company’s stock after acquiring an additional 163,309 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $90,065,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sound Portfolio Advisors LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth about $3,746,000. IMG Wealth Management Inc. lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 6.7% during the 4th quarter. IMG Wealth Management Inc. now owns 146,156 shares of the company’s stock valued at $5,601,000 after purchasing an additional 9,189 shares during the period. Triton Wealth Management PLLC lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 27.3% during the 4th quarter. Triton Wealth Management PLLC now owns 19,635 shares of the company’s stock valued at $800,000 after purchasing an additional 4,205 shares during the period. Cornerstone Wealth Management LLC lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 1.1% during the 4th quarter. Cornerstone Wealth Management LLC now owns 44,021 shares of the company’s stock valued at $1,687,000 after purchasing an additional 465 shares during the period. Finally, PCG Wealth Advisors LLC lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% during the 4th quarter. PCG Wealth Advisors LLC now owns 48,481 shares of the company’s stock valued at $1,858,000 after purchasing an additional 2,232 shares during the period.

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

First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $40.80 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $33.54 and a 1 year high of $42.89. The company has a market cap of $10.56 billion, a PE ratio of 14.54 and a beta of 1.04. The company’s 50-day moving average is $40.77 and its two-hundred day moving average is $39.98.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

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.