Stegent Equity Advisors Inc. Takes Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Stegent Equity Advisors Inc. bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 54,653 shares of the company’s stock, valued at approximately $2,155,000. First Trust SMID Cap Rising Dividend Achievers ETF accounts for approximately 1.8% of Stegent Equity Advisors Inc.’s holdings, making the stock its 14th biggest position.

Several other institutional investors have also bought and sold shares of SDVY. Eagle Bay Advisors LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at $25,000. Oakworth Capital Inc. acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth $25,000. Trust Co. of Vermont bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at $27,000. Smartleaf Asset Management LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at $28,000. Finally, EQ Wealth Advisors LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

SDVY opened at $43.17 on Thursday. The firm’s 50-day simple moving average is $41.91 and its 200-day simple moving average is $40.95. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $35.03 and a twelve month high of $43.63. The firm has a market cap of $11.17 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01.

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. Shareholders of record on Thursday, June 25th were given 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.