Independent Financial Group LLC Buys Shares of 304,547 First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Independent Financial Group LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 304,547 shares of the company’s stock, valued at approximately $12,008,000. Independent Financial Group LLC owned about 0.12% of First Trust SMID Cap Rising Dividend Achievers ETF at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Focus Partners Wealth increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 41.2% in 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 during the last quarter. Creative Planning raised 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 in the last quarter. Brown Advisory Inc. boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 4.6% during the 2nd 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 bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 2nd quarter valued at $1,897,000. Finally, Qube Research & Technologies Ltd grew its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 189.9% during the 2nd 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 in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

SDVY opened at $43.71 on Friday. The company has a market capitalization of $11.54 billion, a P/E ratio of 14.54 and a beta of 1.01. The company has a 50-day moving average of $42.09 and a 200-day moving average of $41.25. First Trust SMID Cap Rising Dividend Achievers ETF has a 1-year low of $35.03 and a 1-year high of $43.71.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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