First Horizon Advisors Inc. Acquires 30,008 Shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

First Horizon Advisors Inc. raised its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 18.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 192,674 shares of the company’s stock after acquiring an additional 30,008 shares during the quarter. First Horizon Advisors Inc. owned approximately 0.11% of First Trust SMID Cap Rising Dividend Archievers ETF worth $7,009,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Avidian Wealth Enterprises LLC boosted its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 2.0% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 15,054 shares of the company’s stock worth $548,000 after purchasing an additional 295 shares in the last quarter. Legacy Capital Group California Inc. lifted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 0.8% during the 3rd quarter. Legacy Capital Group California Inc. now owns 45,225 shares of the company’s stock worth $1,645,000 after acquiring an additional 343 shares during the period. Second Half Financial Partners LLC lifted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 3.9% during the 3rd quarter. Second Half Financial Partners LLC now owns 9,740 shares of the company’s stock worth $354,000 after acquiring an additional 365 shares during the period. CX Institutional grew its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 0.4% during the 3rd quarter. CX Institutional now owns 94,576 shares of the company’s stock valued at $3,441,000 after purchasing an additional 383 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 1.2% in the second quarter. Thrivent Financial for Lutherans now owns 36,085 shares of the company’s stock valued at $1,205,000 after purchasing an additional 417 shares during the period.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Up 0.5 %

Shares of NASDAQ:SDVY opened at $38.23 on Thursday. The business has a 50-day moving average price of $36.63 and a 200-day moving average price of $35.13. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 52-week low of $28.87 and a 52-week high of $39.24.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.1383 dividend. This represents a $0.55 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Thursday, September 26th.

First Trust SMID Cap Rising Dividend Archievers 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.