Flagstar Advisors Inc. Increases Stock Position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Flagstar Advisors Inc. grew its stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 0.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 81,560 shares of the company’s stock after buying an additional 734 shares during the quarter. Flagstar Advisors Inc.’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $2,967,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Avidian Wealth Enterprises LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 2.0% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 15,054 shares of the company’s stock valued at $548,000 after buying an additional 295 shares in the last quarter. Legacy Capital Group California Inc. grew its position in First Trust SMID Cap Rising Dividend Archievers ETF by 0.8% during the third quarter. Legacy Capital Group California Inc. now owns 45,225 shares of the company’s stock valued at $1,645,000 after acquiring an additional 343 shares during the last quarter. Second Half Financial Partners LLC raised its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 3.9% during the third 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 in the last quarter. CX Institutional lifted its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 0.4% in the 3rd quarter. CX Institutional now owns 94,576 shares of the company’s stock worth $3,441,000 after acquiring an additional 383 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 1.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 36,085 shares of the company’s stock worth $1,205,000 after acquiring an additional 417 shares during the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

SDVY stock opened at $39.61 on Friday. The firm has a market cap of $6.93 billion, a P/E ratio of 8.30 and a beta of 1.18. The firm’s fifty day moving average is $36.81 and its 200 day moving average is $35.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 52 week low of $28.92 and a 52 week high of $39.63.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.1383 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.40%.

First Trust SMID Cap Rising Dividend Archievers 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.