Stifel Financial Corp Grows Stock Position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Stifel Financial Corp increased its holdings in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 16.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,485,251 shares of the company’s stock after buying an additional 347,799 shares during the period. Stifel Financial Corp’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $90,415,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SDVY. Hazlett Burt & Watson Inc. purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 2nd quarter worth about $28,000. Strategic Financial Concepts LLC purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the 2nd quarter valued at about $28,000. Icon Wealth Advisors LLC purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the 3rd quarter valued at about $30,000. EverSource Wealth Advisors LLC purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the 1st quarter valued at about $34,000. Finally, Mather Group LLC. purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the 2nd quarter valued at about $35,000.

First Trust SMID Cap Rising Dividend Archievers ETF Trading Down 0.9 %

NASDAQ:SDVY opened at $39.08 on Friday. The firm has a market cap of $6.84 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18. The company’s 50-day moving average is $37.58 and its two-hundred day moving average is $35.55. First Trust SMID Cap Rising Dividend Archievers ETF has a 12-month low of $30.11 and a 12-month high of $40.60.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.1383 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.55 dividend on an annualized basis and a yield of 1.42%.

First Trust SMID Cap Rising Dividend Archievers 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.