Sovran Advisors LLC Grows Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Sovran Advisors LLC grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 20.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 9,666 shares of the company’s stock after acquiring an additional 1,651 shares during the period. Sovran Advisors LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $350,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in SDVY. Park Square Financial Group LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at approximately $31,000. Harbor Investment Advisory LLC raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 38.8% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,610 shares of the company’s stock valued at $54,000 after acquiring an additional 450 shares during the period. Sunbelt Securities Inc. purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at approximately $55,000. Financial Network Wealth Advisors LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 1st quarter valued at approximately $72,000. Finally, Centaurus Financial Inc. purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at approximately $110,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $38.19 on Friday. The company’s 50 day simple moving average is $37.12 and its 200-day simple moving average is $34.93. The company has a market capitalization of $8.85 billion, a price-to-earnings ratio of 14.54 and a beta of 1.18. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $28.84 and a 1 year high of $40.60.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were paid a dividend of $0.1178 per share. This represents a $0.47 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, June 26th.

About First Trust SMID Cap Rising Dividend Achievers 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.