Richmond Investment Services LLC Buys 17,972 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Richmond Investment Services LLC lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 4.5% during the 1st quarter, Holdings Channel reports. The firm owned 414,692 shares of the company’s stock after acquiring an additional 17,972 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF makes up 2.6% of Richmond Investment Services LLC’s holdings, making the stock its 8th biggest holding. Richmond Investment Services LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $16,351,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Eagle Bay Advisors LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth about $25,000. Oakworth Capital Inc. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at approximately $25,000. Trust Co. of Vermont acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at approximately $27,000. Smartleaf Asset Management LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth approximately $28,000. Finally, EQ Wealth Advisors LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at approximately $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:SDVY opened at $43.04 on Wednesday. The company has a 50 day moving average price of $41.98 and a two-hundred day moving average price of $41.06. The company has a market capitalization of $11.32 billion, a PE ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $35.03 and a 52 week high of $43.63.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.0901 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, June 25th.

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.