224,900 Shares in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Acquired by MCF Advisors LLC

MCF Advisors LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 224,900 shares of the company’s stock, valued at approximately $9,702,000. MCF Advisors LLC owned about 0.09% of First Trust SMID Cap Rising Dividend Achievers ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SDVY. Investment Partners LTD. raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 1.0% in the 2nd quarter. Investment Partners LTD. now owns 24,366 shares of the company’s stock worth $1,051,000 after acquiring an additional 237 shares during the period. Allie Family Office LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.3% in the fourth quarter. Allie Family Office LLC now owns 11,545 shares of the company’s stock worth $442,000 after purchasing an additional 264 shares during the period. Arbor Capital Management Inc. ADV lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.2% during the 1st quarter. Arbor Capital Management Inc. ADV now owns 12,440 shares of the company’s stock worth $515,000 after purchasing an additional 267 shares during the last quarter. Insight Inv LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.0% during the 4th quarter. Insight Inv LLC now owns 13,770 shares of the company’s stock worth $528,000 after purchasing an additional 270 shares during the last quarter. Finally, Fortis Group Advisors LLC grew its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 3.3% in the 4th quarter. Fortis Group Advisors LLC now owns 8,422 shares of the company’s stock valued at $340,000 after buying an additional 272 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 0.9%

Shares of SDVY stock opened at $42.57 on Thursday. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $36.40 and a 12 month high of $45.11. The firm has a market cap of $11.25 billion, a PE ratio of 14.54 and a beta of 1.00. The stock has a 50 day moving average of $43.63 and a 200-day moving average of $42.12.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued 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.