Anderson Financial Strategies LLC Has $3.18 Million Stake in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Anderson Financial Strategies LLC reduced its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 1.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,145 shares of the company’s stock after selling 1,394 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF comprises approximately 2.0% of Anderson Financial Strategies LLC’s investment portfolio, making the stock its 16th largest position. Anderson Financial Strategies LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $3,180,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SDVY. LPL Financial LLC boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 6.6% in the first quarter. LPL Financial LLC now owns 23,374,014 shares of the company’s stock valued at $783,029,000 after buying an additional 1,438,128 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 17.5% in the 1st quarter. Raymond James Financial Inc. now owns 12,496,285 shares of the company’s stock valued at $418,626,000 after acquiring an additional 1,860,262 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.3% during the 1st quarter. Royal Bank of Canada now owns 5,893,579 shares of the company’s stock valued at $197,436,000 after acquiring an additional 294,498 shares in the last quarter. Cetera Investment Advisers grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 5.5% during the 2nd quarter. Cetera Investment Advisers now owns 5,276,231 shares of the company’s stock worth $186,145,000 after acquiring an additional 273,077 shares during the last quarter. Finally, Capital Investment Advisors LLC grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 6.4% during the 2nd quarter. Capital Investment Advisors LLC now owns 3,972,146 shares of the company’s stock worth $140,137,000 after acquiring an additional 240,655 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 2.2%

First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $36.67 on Tuesday. The stock has a 50-day moving average price of $37.73 and a two-hundred day moving average price of $36.45. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $28.84 and a 12 month high of $40.60. The company has a market capitalization of $8.81 billion, a PE ratio of 14.54 and a beta of 1.12.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

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.