First Trust SMID Cap Rising Dividend Achievers ETF $SDVY is IFC & Insurance Marketing Inc.’s 9th Largest Position

IFC & Insurance Marketing Inc. grew its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 48.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 88,394 shares of the company’s stock after acquiring an additional 28,701 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF accounts for 3.6% of IFC & Insurance Marketing Inc.’s portfolio, making the stock its 9th largest holding. IFC & Insurance Marketing Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $3,485,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SDVY. LPL Financial LLC raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% in the 4th quarter. LPL Financial LLC now owns 24,892,169 shares of the company’s stock worth $953,868,000 after purchasing an additional 1,135,800 shares during the period. Morgan Stanley lifted its position in 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 valued at $687,724,000 after purchasing an additional 130,885 shares in the last quarter. Raymond James Financial Inc. grew its holdings in 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 valued at $540,514,000 after purchasing an additional 1,261,249 shares during the period. Bank of America Corp DE grew its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% during the third quarter. Bank of America Corp DE now owns 7,982,389 shares of the company’s stock valued at $303,486,000 after purchasing an additional 614,123 shares during the period. Finally, Cetera Investment Advisers grew its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 6.2% during the fourth quarter. Cetera Investment Advisers now owns 7,715,939 shares of the company’s stock valued at $295,675,000 after purchasing an additional 451,662 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 0.3%

Shares of SDVY opened at $42.35 on Tuesday. The business has a 50-day simple moving average of $41.74 and a two-hundred day simple moving average of $40.74. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $34.21 and a 52 week high of $42.90. The stock has a market cap of $10.96 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.0976 per share. The ex-dividend date 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.