Bright Financial Advisors Inc. Grows Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Bright Financial Advisors Inc. grew its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 19.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 156,906 shares of the company’s stock after purchasing an additional 25,806 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF comprises approximately 2.8% of Bright Financial Advisors Inc.’s holdings, making the stock its 12th largest holding. Bright Financial Advisors Inc. owned approximately 0.06% of First Trust SMID Cap Rising Dividend Achievers ETF worth $6,013,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of Jackson Hole Trust bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter worth $25,000. GoalVest Advisory LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter worth $25,000. Trust Co. of Vermont bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth $27,000. Princeton Global Asset Management LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter worth $36,000. Finally, Hoese & Co LLP bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth $48,000.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 0.9%

SDVY opened at $41.20 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 12-month low of $30.27 and a 12-month high of $42.89. The business’s fifty day simple moving average is $40.80 and its 200-day simple moving average is $39.30. The company has a market capitalization of $10.56 billion, a price-to-earnings ratio of 14.54 and a beta of 1.06.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.0976 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 0.9%.

First Trust SMID Cap Rising Dividend Achievers ETF 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.