World Investment Advisors Takes $586,000 Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

World Investment Advisors acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the fourth quarter, HoldingsChannel reports. The fund acquired 15,283 shares of the company’s stock, valued at approximately $586,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SDVY. Focus Partners Wealth boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 41.2% in the first quarter. Focus Partners Wealth now owns 43,712 shares of the company’s stock valued at $1,464,000 after acquiring an additional 12,748 shares in the last quarter. Creative Planning boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 31.9% in the second quarter. Creative Planning now owns 9,390 shares of the company’s stock valued at $331,000 after acquiring an additional 2,270 shares in the last quarter. Brown Advisory Inc. boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 4.6% in the second quarter. Brown Advisory Inc. now owns 14,098 shares of the company’s stock valued at $497,000 after acquiring an additional 621 shares in the last quarter. Cerity Partners LLC acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter valued at approximately $1,897,000. Finally, Qube Research & Technologies Ltd boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 189.9% in the second quarter. Qube Research & Technologies Ltd now owns 368,711 shares of the company’s stock valued at $13,008,000 after acquiring an additional 241,547 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 1.1%

Shares of SDVY opened at $40.62 on Wednesday. The company has a market cap of $10.51 billion, a price-to-earnings ratio of 14.54 and a beta of 1.04. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $33.54 and a twelve month high of $42.89. The company has a 50 day moving average of $40.78 and a two-hundred day moving average of $40.04.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.0976 dividend. This represents a $0.39 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, March 26th.

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.