First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Shares Acquired by Richmond Investment Services LLC

Richmond Investment Services LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 103.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 560,714 shares of the company’s stock after acquiring an additional 284,745 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF comprises approximately 4.2% of Richmond Investment Services LLC’s investment portfolio, making the stock its 6th largest holding. Richmond Investment Services LLC owned about 0.24% of First Trust SMID Cap Rising Dividend Achievers ETF worth $19,782,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Choreo LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the first quarter worth $402,000. Brio Consultants LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 1st quarter valued at $1,663,000. N.E.W. Advisory Services LLC increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 108.8% in the 1st quarter. N.E.W. Advisory Services LLC now owns 423,353 shares of the company’s stock valued at $14,182,000 after acquiring an additional 220,599 shares during the period. Marshall Investment Management LLC raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 1.6% in the 1st quarter. Marshall Investment Management LLC now owns 41,830 shares of the company’s stock worth $1,401,000 after acquiring an additional 658 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 36.1% during the 1st quarter. Arkadios Wealth Advisors now owns 241,347 shares of the company’s stock worth $8,085,000 after acquiring an additional 64,058 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $38.08 on Wednesday. The business’s 50-day simple moving average is $37.61 and its two-hundred day simple moving average is $36.60. The company has a market cap of $9.15 billion, a PE ratio of 14.54 and a beta of 1.12. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $28.84 and a fifty-two week high of $40.37.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, September 25th.

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.