First Trust SMID Cap Rising Dividend Achievers ETF $SDVY is Dagco Inc.’s 9th Largest Position

Dagco Inc. lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 11.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 413,183 shares of the company’s stock after buying an additional 42,999 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF comprises 3.5% of Dagco Inc.’s investment portfolio, making the stock its 9th biggest position. Dagco Inc. owned about 0.16% of First Trust SMID Cap Rising Dividend Achievers ETF worth $16,292,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SDVY. LPL Financial LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% during the fourth quarter. LPL Financial LLC now owns 24,892,169 shares of the company’s stock worth $953,868,000 after acquiring an additional 1,135,800 shares in the last quarter. Morgan Stanley boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.7% in the fourth quarter. Morgan Stanley now owns 17,946,856 shares of the company’s stock worth $687,724,000 after acquiring an additional 130,885 shares during the period. Raymond James Financial Inc. grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 9.8% in the fourth quarter. Raymond James Financial Inc. now owns 14,105,263 shares of the company’s stock valued at $540,514,000 after purchasing an additional 1,261,249 shares in the last quarter. Bank of America Corp DE grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% in the third quarter. Bank of America Corp DE now owns 7,982,389 shares of the company’s stock valued at $303,486,000 after purchasing an additional 614,123 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.2% during the 4th quarter. Cetera Investment Advisers now owns 7,715,939 shares of the company’s stock valued at $295,675,000 after purchasing an additional 451,662 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of SDVY opened at $43.02 on Friday. The stock’s 50-day simple moving average is $41.81 and its 200 day simple moving average is $40.83. The stock has a market capitalization of $11.14 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 52-week low of $34.79 and a 52-week high of $43.44.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be given a dividend of $0.0901 per share. The ex-dividend date is Thursday, June 25th. This represents a $0.36 annualized dividend and a dividend 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.