First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Stake Lifted by StoneX Group Inc.

StoneX Group Inc. increased its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 686,084 shares of the company’s stock after purchasing an additional 14,995 shares during the period. First Trust SMID Cap Rising Dividend Archievers ETF accounts for about 1.6% of StoneX Group Inc.’s investment portfolio, making the stock its 12th largest holding. StoneX Group Inc.’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $24,596,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SDVY. Farmers & Merchants Investments Inc. acquired a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 4th quarter worth approximately $26,000. National Bank of Canada FI acquired a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the third quarter worth approximately $27,000. Grove Bank & Trust acquired a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter worth approximately $27,000. Pineridge Advisors LLC increased its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 138.9% in the fourth quarter. Pineridge Advisors LLC now owns 762 shares of the company’s stock valued at $27,000 after buying an additional 443 shares in the last quarter. Finally, FSC Wealth Advisors LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter valued at $29,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Up 0.3 %

Shares of NASDAQ SDVY opened at $33.50 on Tuesday. The stock’s fifty day simple moving average is $35.54 and its 200 day simple moving average is $36.54. The stock has a market capitalization of $7.47 billion, a price-to-earnings ratio of 13.43 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 52-week low of $32.22 and a 52-week high of $40.60.

First Trust SMID Cap Rising Dividend Archievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a $0.1576 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.63 dividend on an annualized basis and a yield of 1.88%. This is a boost from First Trust SMID Cap Rising Dividend Archievers ETF’s previous quarterly dividend of $0.14.

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.