Renaissance Technologies LLC Invests $2.56 Million in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Renaissance Technologies LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 64,800 shares of the company’s stock, valued at approximately $2,555,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Eagle Bay Advisors LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth approximately $25,000. Oakworth Capital Inc. bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at approximately $25,000. Smartleaf Asset Management LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at approximately $28,000. EQ Wealth Advisors LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at approximately $30,000. Finally, Anchor Investment Management LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the first quarter valued at approximately $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

NASDAQ SDVY opened at $44.60 on Monday. The firm has a market capitalization of $11.79 billion, a P/E ratio of 14.54 and a beta of 1.01. The business has a fifty day simple moving average of $42.86 and a 200 day simple moving average of $41.72. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $36.20 and a 12 month high of $45.11.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

About First Trust SMID Cap Rising Dividend Achievers ETF

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.