Ascentis Independent Advisors Increases Stake in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Ascentis Independent Advisors increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 112.3% in the first quarter, HoldingsChannel reports. The firm owned 120,647 shares of the company’s stock after buying an additional 63,829 shares during the period. Ascentis Independent Advisors’ holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $4,757,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SDVY. Walkner Condon Financial Advisors LLC raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 23.4% during the 1st quarter. Walkner Condon Financial Advisors LLC now owns 43,585 shares of the company’s stock worth $1,719,000 after acquiring an additional 8,260 shares in the last quarter. Koshinski Asset Management Inc. raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 3.3% in the first quarter. Koshinski Asset Management Inc. now owns 43,376 shares of the company’s stock worth $1,710,000 after buying an additional 1,373 shares during the last quarter. Beacon Financial Advisory LLC raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 7.8% in the first quarter. Beacon Financial Advisory LLC now owns 43,968 shares of the company’s stock worth $1,734,000 after purchasing an additional 3,179 shares during the last quarter. Capital Financial Group Inc. Co. ADV raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 11.0% in the first quarter. Capital Financial Group Inc. Co. ADV now owns 75,426 shares of the company’s stock worth $2,974,000 after purchasing an additional 7,501 shares during the last quarter. Finally, Baer Investment Advisory LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the first quarter worth about $447,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ SDVY opened at $43.16 on Monday. The business’s 50 day moving average price is $41.94 and its 200 day moving average price is $41.00. The firm has a market cap of $11.35 billion, a P/E ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $35.03 and a 52 week high of $43.63.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders 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 of this dividend 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.