Renaissance Technologies LLC Acquires Shares of 64,800 First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Renaissance Technologies LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 64,800 shares of the company’s stock, valued at approximately $2,555,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 7.4% in the 4th quarter. CWM LLC now owns 448,472 shares of the company’s stock valued at $17,185,000 after purchasing an additional 30,845 shares during the period. Virtus Family Office LLC increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 14.1% during the 4th quarter. Virtus Family Office LLC now owns 106,427 shares of the company’s stock valued at $4,078,000 after purchasing an additional 13,183 shares during the last quarter. Summit Wealth Group LLC Co. bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth $1,047,000. Pinnacle Associates Ltd. raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% during the 4th quarter. Pinnacle Associates Ltd. now owns 252,704 shares of the company’s stock worth $9,684,000 after purchasing an additional 19,452 shares during the period. Finally, Directional Asset Management purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth about $609,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

SDVY opened at $44.60 on Monday. The firm has a market cap of $11.79 billion, a P/E ratio of 14.54 and a beta of 1.01. The firm has a 50-day moving average of $42.86 and a 200 day moving average of $41.72. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $36.20 and a fifty-two week high of $45.11.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid 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 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.