Southern Financial Group LLC Sells 64,568 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Southern Financial Group LLC reduced its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 4.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,243,866 shares of the company’s stock after selling 64,568 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF accounts for approximately 13.8% of Southern Financial Group LLC’s investment portfolio, making the stock its 3rd largest holding. Southern Financial Group LLC owned approximately 0.47% of First Trust SMID Cap Rising Dividend Achievers ETF worth $50,476,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Bank of America Corp DE lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 6.3% in the first quarter. Bank of America Corp DE now owns 9,463,585 shares of the company’s stock valued at $373,149,000 after buying an additional 564,137 shares during the period. Cetera Investment Advisers raised its holdings in shares of 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 during the last quarter. Royal Bank of Canada lifted its position in 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 worth $263,034,000 after buying an additional 322,622 shares in the last quarter. Capital Investment Advisors LLC grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 2.6% in the third quarter. Capital Investment Advisors LLC now owns 4,853,868 shares of the company’s stock valued at $196,970,000 after purchasing an additional 123,083 shares in the last quarter. Finally, Park National Corp OH increased its holdings in 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 worth $145,475,000 after buying an additional 54,366 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 1.7%

SDVY stock opened at $43.31 on Thursday. The business’s 50 day simple moving average is $42.05 and its 200 day simple moving average is $41.95. 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 firm has a market capitalization of $11.44 billion, a PE ratio of 14.54 and a beta of 1.02.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a dividend of $0.1002 per share. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901. This represents a $0.40 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, September 24th.

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.