Focus Financial Network Inc. Acquires 27,602 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Focus Financial Network Inc. lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 7.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 399,417 shares of the company’s stock after purchasing an additional 27,602 shares during the quarter. Focus Financial Network Inc. owned approximately 0.17% of First Trust SMID Cap Rising Dividend Achievers ETF worth $14,091,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Sovran Advisors LLC boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 20.6% in the 2nd quarter. Sovran Advisors LLC now owns 9,666 shares of the company’s stock valued at $350,000 after buying an additional 1,651 shares in the last quarter. Dynamic Advisor Solutions LLC raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.4% during the second quarter. Dynamic Advisor Solutions LLC now owns 117,853 shares of the company’s stock worth $4,158,000 after acquiring an additional 6,024 shares during the last quarter. Procyon Advisors LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the second quarter worth $7,723,000. Baron Wealth Management LLC raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 264.7% during the second quarter. Baron Wealth Management LLC now owns 90,660 shares of the company’s stock worth $3,198,000 after acquiring an additional 65,801 shares during the last quarter. Finally, Triumph Capital Management increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 5.8% in the second quarter. Triumph Capital Management now owns 227,920 shares of the company’s stock valued at $8,041,000 after purchasing an additional 12,499 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $37.95 on Thursday. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $28.84 and a 1 year high of $40.60. The business has a 50-day moving average of $37.04 and a two-hundred day moving average of $34.86. The company has a market capitalization of $8.80 billion, a P/E ratio of 14.54 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were given a dividend of $0.1178 per share. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $0.47 annualized dividend and a yield of 1.2%.

First Trust SMID Cap Rising Dividend Achievers ETF Company 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.