Focus Financial Network Inc. Sells 22,213 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Focus Financial Network Inc. decreased its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 5.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 377,204 shares of the company’s stock after selling 22,213 shares during the period. Focus Financial Network Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $14,341,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hantz Financial Services Inc. bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 2nd quarter valued at $33,000. Fifth Third Bancorp increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 120.9% during the second quarter. Fifth Third Bancorp now owns 952 shares of the company’s stock valued at $34,000 after buying an additional 521 shares during the period. Atlantic Union Bankshares Corp purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the second quarter valued at $34,000. Princeton Global Asset Management LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the third quarter valued at about $36,000. Finally, Winnow Wealth LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter worth about $42,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $39.02 on Friday. The stock has a market cap of $9.37 billion, a price-to-earnings ratio of 14.54 and a beta of 1.12. The firm’s 50-day moving average is $37.88 and its two-hundred day moving average is $37.08. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $28.84 and a 1 year high of $39.60.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

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

First Trust SMID Cap Rising Dividend Achievers 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.