KPP Advisory Services LLC Boosts Stock Position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

KPP Advisory Services LLC boosted its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 22.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,781 shares of the company’s stock after purchasing an additional 3,634 shares during the quarter. KPP Advisory Services LLC’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $660,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Investment Partners LTD. increased its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 1.5% in the 1st quarter. Investment Partners LTD. now owns 21,271 shares of the company’s stock worth $741,000 after buying an additional 315 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 1.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 36,085 shares of the company’s stock valued at $1,205,000 after purchasing an additional 417 shares during the last quarter. World Equity Group Inc. boosted its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 0.4% in the 2nd quarter. World Equity Group Inc. now owns 108,498 shares of the company’s stock worth $3,622,000 after purchasing an additional 423 shares during the period. Private Client Services LLC increased its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 6.6% during the 2nd quarter. Private Client Services LLC now owns 6,929 shares of the company’s stock valued at $231,000 after purchasing an additional 426 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 1.0% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 42,967 shares of the company’s stock valued at $1,434,000 after buying an additional 431 shares during the period.

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

Shares of SDVY opened at $36.38 on Tuesday. The business has a fifty day moving average of $35.15 and a 200 day moving average of $34.27. The company has a market cap of $5.46 billion, a PE ratio of 8.30 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 52-week low of $26.40 and a 52-week high of $37.25.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.1383 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.55 annualized dividend and a yield of 1.52%.

About First Trust SMID Cap Rising Dividend Archievers 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.