Elios Financial Group Inc. Cuts Stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Elios Financial Group Inc. cut its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 104,123 shares of the company’s stock after selling 3,359 shares during the quarter. First Trust SMID Cap Rising Dividend Archievers ETF accounts for approximately 1.8% of Elios Financial Group Inc.’s holdings, making the stock its 16th biggest holding. Elios Financial Group Inc.’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $3,733,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. LPL Financial LLC raised its position in First Trust SMID Cap Rising Dividend Archievers ETF by 22.0% in the 4th quarter. LPL Financial LLC now owns 21,935,886 shares of the company’s stock worth $786,401,000 after purchasing an additional 3,948,772 shares during the period. Wells Fargo & Company MN grew its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 20.6% during the fourth quarter. Wells Fargo & Company MN now owns 12,732,120 shares of the company’s stock valued at $456,447,000 after buying an additional 2,172,523 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter worth about $381,301,000. Capital Investment Advisors LLC lifted its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 8.2% in the 4th quarter. Capital Investment Advisors LLC now owns 3,510,050 shares of the company’s stock valued at $125,835,000 after acquiring an additional 267,372 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 16.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 2,974,793 shares of the company’s stock valued at $106,646,000 after acquiring an additional 430,281 shares during the period.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

Shares of First Trust SMID Cap Rising Dividend Archievers ETF stock opened at $30.74 on Friday. First Trust SMID Cap Rising Dividend Archievers ETF has a one year low of $28.84 and a one year high of $40.60. The business’s 50 day simple moving average is $34.29 and its two-hundred day simple moving average is $36.22. The stock has a market capitalization of $7.18 billion, a P/E ratio of 13.43 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a $0.1576 dividend. This is a boost from First Trust SMID Cap Rising Dividend Archievers ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 2.05%.

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.