Cetera Investment Advisers Acquires 580,783 Shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Cetera Investment Advisers grew its holdings in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 31.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,421,412 shares of the company’s stock after acquiring an additional 580,783 shares during the period. Cetera Investment Advisers’ holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $80,827,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Osaic Holdings Inc. boosted its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 7.6% in the first quarter. Osaic Holdings Inc. now owns 1,769,500 shares of the company’s stock worth $61,619,000 after purchasing an additional 125,091 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 76.0% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 34,027 shares of the company’s stock valued at $1,115,000 after acquiring an additional 14,689 shares in the last quarter. Leo Wealth LLC acquired a new stake in First Trust SMID Cap Rising Dividend Archievers ETF in the 4th quarter worth approximately $1,562,000. Founders Financial Securities LLC bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the first quarter worth approximately $284,000. Finally, Fifth Third Bancorp acquired a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the second quarter valued at approximately $298,000.

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

Shares of First Trust SMID Cap Rising Dividend Archievers ETF stock opened at $36.38 on Tuesday. The firm has a fifty day simple moving average of $35.13 and a 200-day simple moving average of $34.25. The stock has a market capitalization of $5.46 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 1-year low of $26.40 and a 1-year high of $37.25.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

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

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.