Dynamic Advisor Solutions LLC Buys 13,980 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Dynamic Advisor Solutions LLC lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 11.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 132,336 shares of the company’s stock after buying an additional 13,980 shares during the period. Dynamic Advisor Solutions LLC owned about 0.05% of First Trust SMID Cap Rising Dividend Achievers ETF worth $5,709,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Eagle Bay Advisors LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth $25,000. Oakworth Capital Inc. purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at about $25,000. Smartleaf Asset Management LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at about $28,000. EQ Wealth Advisors LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at about $30,000. Finally, Anchor Investment Management LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the first quarter valued at about $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $44.51 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $36.03 and a fifty-two week high of $45.11. The firm’s 50-day simple moving average is $42.80 and its 200 day simple moving average is $41.69. The stock has a market cap of $11.76 billion, a PE ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.0901 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, June 25th.

First Trust SMID Cap Rising Dividend Achievers ETF Company 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.