207,482 Shares in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 207,482 shares of the company’s stock, valued at approximately $8,420,000. Verdence Capital Advisors LLC owned 0.08% of First Trust SMID Cap Rising Dividend Achievers ETF at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Bank of America Corp DE boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 6.3% during the 1st quarter. Bank of America Corp DE now owns 9,463,585 shares of the company’s stock worth $373,149,000 after purchasing an additional 564,137 shares during the period. Cetera Investment Advisers increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% in the first quarter. Cetera Investment Advisers now owns 7,943,362 shares of the company’s stock valued at $313,207,000 after purchasing an additional 227,423 shares during the period. Royal Bank of Canada increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 5.1% in the first quarter. Royal Bank of Canada now owns 6,670,911 shares of the company’s stock valued at $263,034,000 after purchasing an additional 322,622 shares during the period. Capital Investment Advisors LLC increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 2.6% in the third quarter. Capital Investment Advisors LLC now owns 4,853,868 shares of the company’s stock valued at $196,970,000 after purchasing an additional 123,083 shares during the period. Finally, Park National Corp OH increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 1.5% in the third quarter. Park National Corp OH now owns 3,584,904 shares of the company’s stock valued at $145,475,000 after purchasing an additional 54,366 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:SDVY opened at $42.23 on Tuesday. The company has a 50-day simple moving average of $42.32 and a 200-day simple moving average of $41.85. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $36.40 and a one year high of $45.11. The stock has a market capitalization of $11.14 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a $0.1002 dividend. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901. The ex-dividend date was Thursday, September 24th. This represents a $0.40 annualized dividend and a yield of 0.9%.

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.