Verdence Capital Advisors LLC Purchases 207,482 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Verdence Capital Advisors LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 207,482 shares of the company’s stock, valued at approximately $8,420,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Maryland Capital Advisors Inc. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 3rd quarter worth $28,000. Anchor Investment Management LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the first quarter valued at about $30,000. Orion Capital Management LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter valued at about $39,000. Olistico Wealth LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the third quarter worth about $41,000. Finally, Torren Management LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the first quarter worth about $50,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 0.4%

Shares of First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $42.23 on Tuesday. The firm has a market cap of $11.14 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $36.40 and a 52-week high of $45.11. The company’s 50-day simple moving average is $42.32 and its 200-day simple moving average is $41.85.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a $0.1002 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.40 dividend on an annualized basis and a yield of 0.9%. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901.

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.