Insigneo Advisory Services LLC Boosts Position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Insigneo Advisory Services LLC boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 14.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,997 shares of the company’s stock after buying an additional 2,914 shares during the quarter. Insigneo Advisory Services LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $770,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Headlands Technologies LLC raised its stake in shares of 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 valued at $29,000 after acquiring an additional 605 shares in the last quarter. Park Square Financial Group LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth $31,000. Mascoma Wealth Management LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at $31,000. Hoey Investments Inc. bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at $36,000. Finally, Bank of Montreal Can purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth $43,000.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 1.0%

SDVY opened at $34.28 on Wednesday. The company has a market capitalization of $7.97 billion, a price-to-earnings ratio of 13.22 and a beta of 1.18. 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 business’s fifty day simple moving average is $33.54 and its 200-day simple moving average is $34.98.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed 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 was Thursday, March 27th. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14. This represents a $0.63 dividend on an annualized basis and a yield of 1.84%.

First Trust SMID Cap Rising Dividend Achievers ETF 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.