First Horizon Advisors Inc. Purchases 30,861 Shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

First Horizon Advisors Inc. increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 11.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 306,395 shares of the company’s stock after purchasing an additional 30,861 shares during the period. First Horizon Advisors Inc. owned approximately 0.13% of First Trust SMID Cap Rising Dividend Achievers ETF worth $10,264,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at $381,301,000. LPL Financial LLC lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 22.0% during the 4th quarter. LPL Financial LLC now owns 21,935,886 shares of the company’s stock valued at $786,401,000 after purchasing an additional 3,948,772 shares during the last quarter. Wells Fargo & Company MN boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 20.6% in 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 in the last quarter. Independent Advisor Alliance acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at about $50,719,000. Finally, Bank of America Corp DE grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 23.0% during the fourth quarter. Bank of America Corp DE now owns 7,099,053 shares of the company’s stock worth $254,501,000 after buying an additional 1,327,323 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 0.8%

NASDAQ:SDVY opened at $36.24 on Thursday. The stock has a market capitalization of $8.42 billion, a P/E ratio of 13.85 and a beta of 1.18. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $28.84 and a 1 year high of $40.60. The firm has a 50 day moving average of $34.36 and a 200-day moving average of $34.72.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were given a $0.1178 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $0.47 annualized dividend and a yield of 1.30%.

First Trust SMID Cap Rising Dividend Achievers 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.