S Harris Financial Group LLC Takes $10.70 Million Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

S Harris Financial Group LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the fourth quarter, HoldingsChannel reports. The fund bought 279,212 shares of the company’s stock, valued at approximately $10,699,000. First Trust SMID Cap Rising Dividend Achievers ETF makes up about 10.2% of S Harris Financial Group LLC’s holdings, making the stock its 2nd largest holding.

Several other hedge funds also recently bought and sold shares of the stock. Focus Partners Wealth grew its holdings 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 buying an additional 12,748 shares in the last quarter. Creative Planning lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 31.9% during the second quarter. Creative Planning now owns 9,390 shares of the company’s stock valued at $331,000 after buying an additional 2,270 shares during the period. Brown Advisory Inc. lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.6% during the second quarter. Brown Advisory Inc. now owns 14,098 shares of the company’s stock valued at $497,000 after buying an additional 621 shares during the period. Cerity Partners LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the second quarter valued at approximately $1,897,000. Finally, Qube Research & Technologies Ltd boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 189.9% during the second quarter. Qube Research & Technologies Ltd now owns 368,711 shares of the company’s stock worth $13,008,000 after acquiring an additional 241,547 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ:SDVY opened at $42.22 on Friday. The company has a market cap of $10.93 billion, a P/E ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $34.21 and a 52 week high of $42.90. The business has a fifty day simple moving average of $41.73 and a 200-day simple moving average of $40.69.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.0976 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, March 26th.

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.