IFS Group LLC Takes Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

IFS Group LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 11,871 shares of the company’s stock, valued at approximately $468,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SDVY. Sunbelt Securities Inc. lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 112.1% during the first quarter. Sunbelt Securities Inc. now owns 7,576 shares of the company’s stock valued at $299,000 after buying an additional 4,004 shares in the last quarter. Royal Bank of Canada grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 5.1% during the first 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 during the period. Quantinno Capital Management LP acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the first quarter worth $226,000. Gateway Wealth Partners LLC increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 138.9% in the first quarter. Gateway Wealth Partners LLC now owns 351,046 shares of the company’s stock worth $13,842,000 after acquiring an additional 204,098 shares in the last quarter. Finally, Blue Chip Partners LLC increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.8% in the first quarter. Blue Chip Partners LLC now owns 607,551 shares of the company’s stock worth $23,956,000 after acquiring an additional 16,720 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 1.1%

Shares of SDVY stock opened at $43.66 on Thursday. The company has a market cap of $11.53 billion, a PE ratio of 14.54 and a beta of 1.01. The company’s fifty day simple moving average is $42.47 and its 200-day simple moving average is $41.52. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $35.03 and a 52 week high of $44.19.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

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.