First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Position Boosted by Procyon Advisors LLC

Procyon Advisors LLC lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 17.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 291,405 shares of the company’s stock after acquiring an additional 44,143 shares during the quarter. Procyon Advisors LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $11,490,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SDVY. Eagle Bay Advisors LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth approximately $25,000. Oakworth Capital Inc. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at $25,000. Trust Co. of Vermont bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth $27,000. Smartleaf Asset Management LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth $28,000. Finally, EQ Wealth Advisors LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ SDVY opened at $42.99 on Monday. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $35.03 and a 12 month high of $43.63. The company has a market cap of $11.33 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01. The business has a fifty day simple moving average of $42.02 and a 200-day simple moving average of $41.14.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

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.