Virtus Family Office LLC Purchases 47,861 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Virtus Family Office LLC increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 105.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 93,244 shares of the company’s stock after acquiring an additional 47,861 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF makes up about 3.3% of Virtus Family Office LLC’s holdings, making the stock its 11th biggest position. Virtus Family Office LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $3,545,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Valley National Advisers Inc. raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.5% in the third quarter. Valley National Advisers Inc. now owns 58,799 shares of the company’s stock worth $2,235,000 after buying an additional 282 shares in the last quarter. Purus Wealth Management LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.5% in the 3rd quarter. Purus Wealth Management LLC now owns 52,491 shares of the company’s stock valued at $1,996,000 after acquiring an additional 284 shares in the last quarter. Moloney Securities Asset Management LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 10,260 shares of the company’s stock valued at $362,000 after acquiring an additional 291 shares during the last quarter. MinichMacGregor Wealth Management LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.1% during the third quarter. MinichMacGregor Wealth Management LLC now owns 6,212 shares of the company’s stock worth $236,000 after purchasing an additional 302 shares in the last quarter. Finally, Partners Wealth Management LLC increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.3% in the third quarter. Partners Wealth Management LLC now owns 26,508 shares of the company’s stock worth $1,008,000 after purchasing an additional 334 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

SDVY traded up $0.82 on Friday, reaching $42.20. The company had a trading volume of 158,055 shares, compared to its average volume of 1,714,195. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $28.84 and a 52-week high of $42.10. The company has a market cap of $10.58 billion, a price-to-earnings ratio of 14.54 and a beta of 1.12. The business has a 50 day simple moving average of $39.57 and a 200 day simple moving average of $38.17.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $0.1305 dividend. This represents a $0.52 annualized dividend and a yield of 1.2%. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, December 12th.

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.