AdvisorNet Financial Inc Buys 1,916 Shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

AdvisorNet Financial Inc increased its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 70.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,620 shares of the company’s stock after purchasing an additional 1,916 shares during the quarter. AdvisorNet Financial Inc’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $154,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SDVY. Waterfront Wealth Inc. bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter valued at approximately $214,000. ORBA Wealth Advisors L.L.C. acquired a new stake in First Trust SMID Cap Rising Dividend Archievers ETF in the 4th quarter valued at $933,000. Private Advisor Group LLC increased its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 43.6% in the 4th quarter. Private Advisor Group LLC now owns 697,464 shares of the company’s stock valued at $22,856,000 after buying an additional 211,827 shares during the last quarter. Osaic Holdings Inc. increased its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 7.6% in the 1st quarter. Osaic Holdings Inc. now owns 1,769,500 shares of the company’s stock valued at $61,619,000 after buying an additional 125,091 shares during the last quarter. Finally, Financial Advocates Investment Management increased its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 8.7% in the 4th quarter. Financial Advocates Investment Management now owns 97,863 shares of the company’s stock valued at $3,207,000 after buying an additional 7,804 shares during the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

SDVY stock traded up $0.56 during midday trading on Thursday, hitting $34.58. The company’s stock had a trading volume of 1,133,936 shares, compared to its average volume of 1,129,877. First Trust SMID Cap Rising Dividend Archievers ETF has a twelve month low of $26.40 and a twelve month high of $37.25. The company’s fifty day moving average price is $34.07 and its 200 day moving average price is $33.63. The stock has a market capitalization of $5.19 billion, a P/E ratio of 8.30 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a $0.1503 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.60 annualized dividend and a yield of 1.74%.

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.