Focus Financial Network Inc. Grows Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Focus Financial Network Inc. raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 6.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 442,090 shares of the company’s stock after acquiring an additional 26,976 shares during the period. Focus Financial Network Inc. owned about 0.17% of First Trust SMID Cap Rising Dividend Achievers ETF worth $19,072,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. IFC & Insurance Marketing Inc. grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 7.6% in the 2nd quarter. IFC & Insurance Marketing Inc. now owns 95,140 shares of the company’s stock worth $4,104,000 after acquiring an additional 6,746 shares in the last quarter. Crumly & Associates Inc. lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 8.1% during the second quarter. Crumly & Associates Inc. now owns 468,829 shares of the company’s stock valued at $20,225,000 after purchasing an additional 35,322 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 2.8% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 18,529 shares of the company’s stock worth $799,000 after purchasing an additional 505 shares during the last quarter. First Heartland Consultants Inc. boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 5.0% during the second quarter. First Heartland Consultants Inc. now owns 216,902 shares of the company’s stock worth $9,357,000 after purchasing an additional 10,287 shares during the last quarter. Finally, TrueWealth Advisors LLC grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 3.9% in the 2nd quarter. TrueWealth Advisors LLC now owns 277,141 shares of the company’s stock worth $11,956,000 after purchasing an additional 10,504 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

NASDAQ:SDVY opened at $44.60 on Monday. The firm has a market cap of $11.79 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $36.20 and a 52 week high of $45.11. The firm has a 50-day moving average price of $42.86 and a two-hundred day moving average price of $41.72.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm 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 annualized dividend 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.