Foundations Investment Advisors LLC Acquires 83,666 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

by · The Cerbat Gem

Foundations Investment Advisors LLC raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY – Free Report) by 46.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 264,987 shares of the company’s stock after acquiring an additional 83,666 shares during the quarter. Foundations Investment Advisors LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $10,075,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Cetera Investment Advisers grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.5% in the second quarter. Cetera Investment Advisers now owns 5,276,231 shares of the company’s stock worth $186,145,000 after purchasing an additional 273,077 shares during the last quarter. Capital Investment Advisors LLC grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.0% in the 3rd quarter. Capital Investment Advisors LLC now owns 4,170,826 shares of the company’s stock valued at $158,573,000 after buying an additional 198,680 shares during the last quarter. Park National Corp OH increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.1% in the third quarter. Park National Corp OH now owns 3,412,175 shares of the company’s stock valued at $129,729,000 after buying an additional 35,601 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 17.1% in the third quarter. Commonwealth Equity Services LLC now owns 3,384,431 shares of the company’s stock valued at $128,674,000 after buying an additional 494,306 shares during the period. Finally, Harbour Investments Inc. raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 472.9% during the second quarter. Harbour Investments Inc. now owns 2,835,642 shares of the company’s stock worth $100,041,000 after acquiring an additional 2,340,638 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of SDVY stock opened at $40.55 on Friday. The business’s 50 day simple moving average is $39.25 and its 200 day simple moving average is $38.00. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $28.84 and a one year high of $41.33. The stock has a market capitalization of $10.14 billion, a PE ratio of 14.54 and a beta of 1.12.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.1305 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10.

First Trust SMID Cap Rising Dividend Achievers ETF Profile

(Free Report)

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.

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