DAVENPORT & Co LLC Acquires 60,332 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

DAVENPORT & Co LLC boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 228.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,749 shares of the company’s stock after purchasing an additional 60,332 shares during the period. DAVENPORT & Co LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $3,324,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. GoalVest Advisory LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter worth $25,000. Bank of Jackson Hole Trust purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 3rd quarter worth about $25,000. Princeton Global Asset Management LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the third quarter valued at about $36,000. Evolution Wealth Management Inc. bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the second quarter valued at about $54,000. Finally, IMA Advisory Services Inc. purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the third quarter worth about $84,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of SDVY stock opened at $38.71 on Friday. The firm has a market cap of $9.70 billion, a price-to-earnings ratio of 14.54 and a beta of 1.12. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $28.84 and a 52 week high of $42.89. The firm’s 50-day simple moving average is $40.87 and its two-hundred day simple moving average is $39.15.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be paid a dividend of $0.0976 per share. The ex-dividend date is Thursday, March 26th. This represents a $0.39 annualized dividend and a dividend yield of 1.0%.

First Trust SMID Cap Rising Dividend Achievers ETF 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.