Claris Financial LLC Invests $1.17 Million in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Claris Financial LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 30,575 shares of the company’s stock, valued at approximately $1,172,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% during the fourth quarter. LPL Financial LLC now owns 24,892,169 shares of the company’s stock worth $953,868,000 after acquiring an additional 1,135,800 shares during the period. Morgan Stanley increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.7% during the fourth quarter. Morgan Stanley now owns 17,946,856 shares of the company’s stock worth $687,724,000 after purchasing an additional 130,885 shares during the period. Raymond James Financial Inc. increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 9.8% during the fourth quarter. Raymond James Financial Inc. now owns 14,105,263 shares of the company’s stock worth $540,514,000 after purchasing an additional 1,261,249 shares during the period. Bank of America Corp DE lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% during the 3rd quarter. Bank of America Corp DE now owns 7,982,389 shares of the company’s stock worth $303,486,000 after purchasing an additional 614,123 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 6.2% during the 4th quarter. Cetera Investment Advisers now owns 7,715,939 shares of the company’s stock worth $295,675,000 after purchasing an additional 451,662 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

SDVY opened at $42.22 on Friday. The business has a fifty day simple moving average of $41.71 and a 200 day simple moving average of $40.68. The company has a market capitalization of $10.93 billion, a PE ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $34.21 and a 1 year high of $42.90.

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. Stockholders of record on Thursday, March 26th were issued a dividend of $0.0976 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 0.9%.

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.