United Advisor Group LLC Acquires 1,528 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

United Advisor Group LLC boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 3.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,779 shares of the company’s stock after purchasing an additional 1,528 shares during the period. United Advisor Group LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $1,686,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Moloney Securities Asset Management LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% in the second quarter. Moloney Securities Asset Management LLC now owns 10,260 shares of the company’s stock valued at $362,000 after buying an additional 291 shares during the period. Farther Finance Advisors LLC boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 1.2% in the second quarter. Farther Finance Advisors LLC now owns 28,969 shares of the company’s stock valued at $1,022,000 after acquiring an additional 333 shares during the last quarter. Ameritas Advisory Services LLC increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 0.8% during the 2nd quarter. Ameritas Advisory Services LLC now owns 41,112 shares of the company’s stock valued at $1,450,000 after purchasing an additional 335 shares during the period. Purus Wealth Management LLC increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 0.7% during the 1st quarter. Purus Wealth Management LLC now owns 51,922 shares of the company’s stock valued at $1,739,000 after purchasing an additional 355 shares during the period. Finally, Clear Creek Financial Management LLC raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 1.4% during the 2nd quarter. Clear Creek Financial Management LLC now owns 28,224 shares of the company’s stock worth $996,000 after purchasing an additional 391 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ SDVY opened at $36.67 on Tuesday. The company’s 50 day moving average price is $37.73 and its 200-day moving average price is $36.45. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $28.84 and a 52-week high of $40.60. The company has a market capitalization of $8.81 billion, a P/E ratio of 14.54 and a beta of 1.12.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a $0.095 dividend. The ex-dividend date was Thursday, September 25th. This represents a $0.38 annualized dividend and a yield of 1.0%.

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.