Global Retirement Partners LLC Acquires 606 Shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Posted by on Aug 11th, 2023

Global Retirement Partners LLC increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY – Free Report) by 7.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,340 shares of the company’s stock after purchasing an additional 606 shares during the quarter. Global Retirement Partners LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $212,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. FMR LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 2nd quarter valued at approximately $27,000. TimeScale Financial Inc. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 1st quarter valued at approximately $35,000. Raleigh Capital Management Inc. boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 100.5% in the 4th quarter. Raleigh Capital Management Inc. now owns 1,624 shares of the company’s stock valued at $42,000 after buying an additional 814 shares during the last quarter. Blair William & Co. IL boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 276.7% in the 1st quarter. Blair William & Co. IL now owns 1,940 shares of the company’s stock valued at $54,000 after buying an additional 1,425 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 35.3% in the 4th quarter. Larson Financial Group LLC now owns 2,205 shares of the company’s stock valued at $57,000 after buying an additional 575 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

SDVY stock opened at $29.96 on Friday. The company has a fifty day moving average price of $28.64 and a two-hundred day moving average price of $26.92. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $22.77 and a one year high of $30.43. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 7.66 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Wednesday, June 28th were given a $0.2077 dividend. This represents a $0.83 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Tuesday, June 27th. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.13.

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.

Further Reading

Institutional Ownership by Quarter for First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

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