Flagstar Advisors Inc. Buys 6,954 Shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Flagstar Advisors Inc. raised its stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,132 shares of the company’s stock after buying an additional 6,954 shares during the quarter. Flagstar Advisors Inc. owned 0.08% of First Trust SMID Cap Rising Dividend Archievers ETF worth $2,036,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley increased its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 181.1% in the 3rd quarter. Morgan Stanley now owns 3,977,071 shares of the company’s stock valued at $112,273,000 after buying an additional 2,562,005 shares in the last quarter. Truist Financial Corp grew its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 260.8% in the third quarter. Truist Financial Corp now owns 2,167,156 shares of the company’s stock valued at $61,179,000 after acquiring an additional 1,566,457 shares during the period. LPL Financial LLC increased its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 15.8% in the third quarter. LPL Financial LLC now owns 6,870,147 shares of the company’s stock worth $193,944,000 after acquiring an additional 935,420 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 159.2% during the fourth quarter. Wells Fargo & Company MN now owns 1,091,820 shares of the company’s stock worth $28,442,000 after purchasing an additional 670,673 shares during the period. Finally, Royal Bank of Canada increased its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 259.1% during the 1st quarter. Royal Bank of Canada now owns 839,484 shares of the company’s stock worth $23,396,000 after purchasing an additional 605,692 shares in the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

SDVY traded up $0.21 during trading on Friday, reaching $34.82. The company had a trading volume of 974,676 shares, compared to its average volume of 1,178,123. The company has a market cap of $3.02 billion, a P/E ratio of 7.66 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 12 month low of $24.70 and a 12 month high of $34.94. The business’s fifty day moving average price is $32.89 and its 200 day moving average price is $30.71.

First Trust SMID Cap Rising Dividend Archievers ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a $0.1032 dividend. This represents a $0.41 annualized dividend and a yield of 1.19%. The ex-dividend date was Thursday, March 21st.

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.