Southern Financial Group LLC Buys 11,694 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Southern Financial Group LLC raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 0.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,303,502 shares of the company’s stock after purchasing an additional 11,694 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF makes up approximately 14.4% of Southern Financial Group LLC’s investment portfolio, making the stock its 3rd largest holding. Southern Financial Group LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $51,397,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth approximately $25,000. Oakworth Capital Inc. bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at $25,000. Trust Co. of Vermont acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth about $27,000. Smartleaf Asset Management LLC acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth about $28,000. Finally, Anchor Investment Management LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 1st quarter worth about $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ:SDVY opened at $43.78 on Monday. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $35.03 and a 1 year high of $44.19. The business’s 50-day moving average is $42.56 and its 200-day moving average is $41.57. The company has a market capitalization of $11.57 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.0901 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.36 annualized dividend and a yield of 0.8%.

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.