Benjamin Edwards Inc. Grows Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Benjamin Edwards Inc. increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 13.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 298,897 shares of the company’s stock after purchasing an additional 34,295 shares during the quarter. Benjamin Edwards Inc. owned 0.11% of First Trust SMID Cap Rising Dividend Achievers ETF worth $12,896,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Raymond James Financial Inc. boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 9.8% during the fourth quarter. Raymond James Financial Inc. now owns 14,105,263 shares of the company’s stock worth $540,514,000 after buying an additional 1,261,249 shares during the period. LPL Financial LLC raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% in the fourth quarter. LPL Financial LLC now owns 24,892,169 shares of the company’s stock valued at $953,868,000 after purchasing an additional 1,135,800 shares during the period. Elevation Point Wealth Partners LLC lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 14,172.1% during the first quarter. Elevation Point Wealth Partners LLC now owns 1,039,862 shares of the company’s stock worth $41,002,000 after purchasing an additional 1,032,576 shares in the last quarter. Axxcess Wealth Management LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4,508.1% during the fourth quarter. Axxcess Wealth Management LLC now owns 806,331 shares of the company’s stock worth $30,899,000 after buying an additional 788,833 shares during the period. Finally, Decker Wealth Management LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the first quarter valued at $24,789,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

NASDAQ SDVY opened at $43.64 on Monday. The company has a market cap of $11.53 billion, a P/E ratio of 14.54 and a beta of 1.01. The stock has a 50-day moving average of $43.58 and a two-hundred day moving average of $42.07. First Trust SMID Cap Rising Dividend Achievers ETF has a 1-year low of $36.40 and a 1-year high of $45.11.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

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.