First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Stock Bought by Dagco Inc.

Dagco Inc. raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 6.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 455,447 shares of the company’s stock after purchasing an additional 27,166 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF makes up approximately 3.3% of Dagco Inc.’s investment portfolio, making the stock its 8th largest holding. Dagco Inc. owned approximately 0.17% of First Trust SMID Cap Rising Dividend Achievers ETF worth $18,482,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 6.3% during the 1st quarter. Bank of America Corp DE now owns 9,463,585 shares of the company’s stock valued at $373,149,000 after acquiring an additional 564,137 shares in the last quarter. Cetera Investment Advisers raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% in the first quarter. Cetera Investment Advisers now owns 7,943,362 shares of the company’s stock valued at $313,207,000 after purchasing an additional 227,423 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.1% during the 1st quarter. Royal Bank of Canada now owns 6,670,911 shares of the company’s stock valued at $263,034,000 after buying an additional 322,622 shares in the last quarter. Park National Corp OH boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.5% during the third quarter. Park National Corp OH now owns 3,584,904 shares of the company’s stock valued at $145,475,000 after purchasing an additional 54,366 shares during the period. Finally, Baird Financial Group Inc. increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 4.2% during the 2nd quarter. Baird Financial Group Inc. now owns 1,760,339 shares of the company’s stock valued at $75,941,000 after purchasing an additional 71,063 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 0.8%

SDVY traded up $0.32 during midday trading on Tuesday, reaching $41.74. The company’s stock had a trading volume of 596,712 shares, compared to its average volume of 1,281,500. The firm has a market capitalization of $11.03 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $36.40 and a 1 year high of $45.11. The stock’s 50-day moving average is $42.50 and its 200-day moving average is $42.34.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a $0.1002 dividend. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901. The ex-dividend date was Thursday, September 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.0%.

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.