Avantax Advisory Services Inc. Buys 23,740 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Avantax Advisory Services Inc. grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 3.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 701,789 shares of the company’s stock after acquiring an additional 23,740 shares during the period. Avantax Advisory Services Inc. owned about 0.30% of First Trust SMID Cap Rising Dividend Achievers ETF worth $24,759,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SDVY. Hantz Financial Services Inc. bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter valued at about $33,000. Fifth Third Bancorp grew its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 120.9% during the 2nd quarter. Fifth Third Bancorp now owns 952 shares of the company’s stock worth $34,000 after acquiring an additional 521 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 2nd quarter valued at about $34,000. Bank of Montreal Can raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4,082.8% in the 2nd quarter. Bank of Montreal Can now owns 1,213 shares of the company’s stock valued at $43,000 after purchasing an additional 1,184 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 1st quarter valued at about $72,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of SDVY opened at $37.49 on Friday. The company has a 50 day moving average price of $37.76 and a 200-day moving average price of $36.39. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $28.84 and a fifty-two week high of $40.60. The stock has a market capitalization of $9.01 billion, a PE ratio of 14.54 and a beta of 1.12.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.095 per share. The ex-dividend date was Thursday, September 25th. This represents a $0.38 dividend on an annualized basis and a yield of 1.0%.

First Trust SMID Cap Rising Dividend Achievers 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.