Bright Financial Advisors Inc. Acquires 2,940 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Bright Financial Advisors Inc. grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 2.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,081 shares of the company’s stock after buying an additional 2,940 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF accounts for approximately 2.5% of Bright Financial Advisors Inc.’s holdings, making the stock its 12th biggest position. Bright Financial Advisors Inc. owned 0.05% of First Trust SMID Cap Rising Dividend Achievers ETF worth $4,519,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. LPL Financial LLC boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.6% during the 1st quarter. LPL Financial LLC now owns 23,374,014 shares of the company’s stock valued at $783,029,000 after buying an additional 1,438,128 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 17.5% during the 1st quarter. Raymond James Financial Inc. now owns 12,496,285 shares of the company’s stock valued at $418,626,000 after buying an additional 1,860,262 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.3% during the 1st quarter. Royal Bank of Canada now owns 5,893,579 shares of the company’s stock valued at $197,436,000 after buying an additional 294,498 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 45.1% during the 1st quarter. Cetera Investment Advisers now owns 5,003,154 shares of the company’s stock valued at $167,606,000 after buying an additional 1,556,017 shares in the last quarter. Finally, Capital Investment Advisors LLC boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.3% during the 1st quarter. Capital Investment Advisors LLC now owns 3,731,491 shares of the company’s stock valued at $125,005,000 after buying an additional 221,441 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $37.73 on Friday. The stock has a market cap of $8.75 billion, a price-to-earnings ratio of 14.54 and a beta of 1.18. The firm’s 50-day moving average is $37.30 and its 200 day moving average is $35.03. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $28.84 and a 1 year high of $40.60.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th will be given a $0.095 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $0.38 dividend on an annualized basis and a yield of 1.0%.

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.