First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Shares Acquired by AdvisorNet Financial Inc

AdvisorNet Financial Inc grew its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 3.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,064 shares of the company’s stock after purchasing an additional 372 shares during the period. AdvisorNet Financial Inc’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $337,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SDVY. Farmers & Merchants Investments Inc. purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth about $26,000. Pineridge Advisors LLC boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 138.9% during the fourth quarter. Pineridge Advisors LLC now owns 762 shares of the company’s stock worth $27,000 after purchasing an additional 443 shares in the last quarter. Headlands Technologies LLC boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 307.1% during the fourth quarter. Headlands Technologies LLC now owns 802 shares of the company’s stock worth $29,000 after purchasing an additional 605 shares in the last quarter. Mascoma Wealth Management LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth approximately $31,000. Finally, Park Square Financial Group LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth approximately $31,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $34.39 on Monday. The business has a 50 day simple moving average of $32.94 and a two-hundred day simple moving average of $35.33. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $28.84 and a 12 month high of $40.60. The stock has a market capitalization of $7.94 billion, a P/E ratio of 13.22 and a beta of 1.12.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.1576 per share. 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 1.83%. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14.

About First Trust SMID Cap Rising Dividend Achievers ETF

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.