Kinetic Wealth Investment Advisors LLC Purchases New Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Kinetic Wealth Investment Advisors LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 17,340 shares of the company’s stock, valued at approximately $748,000.

A number of other hedge funds have also recently bought and sold shares of SDVY. Focus Partners Wealth raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 41.2% during the first 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 last quarter. Creative Planning boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 31.9% in the second quarter. Creative Planning now owns 9,390 shares of the company’s stock valued at $331,000 after acquiring an additional 2,270 shares during the last quarter. Brown Advisory Inc. boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 4.6% in the second quarter. Brown Advisory Inc. now owns 14,098 shares of the company’s stock valued at $497,000 after acquiring an additional 621 shares during the last quarter. Cerity Partners LLC acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter worth about $1,897,000. Finally, Qube Research & Technologies Ltd increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 189.9% in the second quarter. Qube Research & Technologies Ltd now owns 368,711 shares of the company’s stock worth $13,008,000 after purchasing an additional 241,547 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:SDVY opened at $43.43 on Tuesday. First Trust SMID Cap Rising Dividend Achievers ETF has a 1-year low of $36.40 and a 1-year high of $45.11. The stock has a market capitalization of $11.48 billion, a P/E ratio of 14.54 and a beta of 1.00. The business has a 50-day moving average price of $43.65 and a two-hundred day moving average price of $42.11.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.0901 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.36 annualized dividend and a dividend yield of 0.8%.

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.