Team Financial Group LLC Increases Stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Team Financial Group LLC increased its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 141.7% during the second quarter, Holdings Channel reports. The institutional investor owned 57,915 shares of the company’s stock after buying an additional 33,954 shares during the quarter. First Trust SMID Cap Rising Dividend Archievers ETF comprises about 1.3% of Team Financial Group LLC’s portfolio, making the stock its 14th largest holding. Team Financial Group LLC’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $1,933,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. 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 valued at $741,000 after acquiring an additional 315 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 1.2% in the second 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 in the last quarter. World Equity Group Inc. increased its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 0.4% in the second quarter. World Equity Group Inc. now owns 108,498 shares of the company’s stock valued at $3,622,000 after purchasing an additional 423 shares during the last quarter. Private Client Services LLC raised its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 6.6% during the second quarter. Private Client Services LLC now owns 6,929 shares of the company’s stock worth $231,000 after purchasing an additional 426 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its position in shares of 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 worth $1,434,000 after buying an additional 431 shares during the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Trading Down 0.9 %

Shares of First Trust SMID Cap Rising Dividend Archievers ETF stock opened at $36.20 on Friday. The company has a fifty day simple moving average of $35.07 and a 200-day simple moving average of $34.14. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 12-month low of $26.40 and a 12-month high of $37.25.

First Trust SMID Cap Rising Dividend Archievers ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were issued a dividend of $0.1503 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Thursday, June 27th.

First Trust SMID Cap Rising Dividend Archievers 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.