Royal Bank of Canada Purchases 322,622 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Royal Bank of Canada grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 5.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,670,911 shares of the company’s stock after acquiring an additional 322,622 shares during the period. Royal Bank of Canada owned 2.58% of First Trust SMID Cap Rising Dividend Achievers ETF worth $263,034,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SDVY. Raymond James Financial Inc. boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 9.8% during the 4th 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 in the last quarter. LPL Financial LLC increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% in the fourth 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 in the last quarter. Elevation Point Wealth Partners LLC increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 14,172.1% in the first quarter. Elevation Point Wealth Partners LLC now owns 1,039,862 shares of the company’s stock worth $41,002,000 after purchasing an additional 1,032,576 shares in the last quarter. Axxcess Wealth Management LLC lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 4,508.1% in the fourth quarter. Axxcess Wealth Management LLC now owns 806,331 shares of the company’s stock valued at $30,899,000 after buying an additional 788,833 shares during the period. Finally, Decker Wealth Management LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the first quarter valued at approximately $24,789,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 1.1%

Shares of SDVY stock opened at $43.66 on Thursday. The company has a market cap of $11.53 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 $35.03 and a 52 week high of $44.19. The firm has a 50 day moving average of $42.47 and a 200-day moving average of $41.52.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

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.