158,894 Shares in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Acquired by Focus Financial Network Inc.

Focus Financial Network Inc. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 158,894 shares of the company’s stock, valued at approximately $5,781,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SDVY. LPL Financial LLC raised its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 15.9% in the second quarter. LPL Financial LLC now owns 15,358,397 shares of the company’s stock valued at $512,663,000 after purchasing an additional 2,105,789 shares during the period. Raymond James & Associates increased its position in First Trust SMID Cap Rising Dividend Archievers ETF by 18.8% during the third quarter. Raymond James & Associates now owns 4,234,856 shares of the company’s stock worth $154,064,000 after acquiring an additional 669,172 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in First Trust SMID Cap Rising Dividend Archievers ETF by 34.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 3,266,343 shares of the company’s stock worth $109,031,000 after acquiring an additional 835,904 shares during the period. Capital Investment Advisors LLC boosted its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 7.8% during the third quarter. Capital Investment Advisors LLC now owns 3,242,678 shares of the company’s stock worth $117,969,000 after buying an additional 234,870 shares in the last quarter. Finally, LVZ Inc. boosted its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 0.8% during the second quarter. LVZ Inc. now owns 2,716,224 shares of the company’s stock worth $90,668,000 after buying an additional 22,837 shares in the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

SDVY opened at $36.07 on Friday. First Trust SMID Cap Rising Dividend Archievers ETF has a fifty-two week low of $26.61 and a fifty-two week high of $37.55. The firm’s fifty day moving average price is $35.90 and its two-hundred day moving average price is $34.66. The company has a market capitalization of $6.26 billion, a P/E ratio of 8.30 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.1383 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.55 dividend on an annualized basis and a yield of 1.53%.

First Trust SMID Cap Rising Dividend Archievers 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.