First Trust SMID Cap Rising Dividend Achievers ETF $SDVY is IFC & Insurance Marketing Inc.’s 9th Largest Position

IFC & Insurance Marketing Inc. boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 48.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,394 shares of the company’s stock after purchasing an additional 28,701 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF comprises 3.6% of IFC & Insurance Marketing Inc.’s portfolio, making the stock its 9th largest holding. IFC & Insurance Marketing Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $3,485,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Eagle Bay Advisors LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at $25,000. Oakworth Capital Inc. purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth $25,000. Trust Co. of Vermont purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth $27,000. Smartleaf Asset Management LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth $28,000. Finally, EQ Wealth Advisors LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $42.35 on Tuesday. The stock has a market cap of $10.96 billion, a PE ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $34.21 and a one year high of $42.90. The stock has a fifty day moving average of $41.74 and a 200 day moving average of $40.74.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a dividend of $0.0976 per share. This represents a $0.39 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, March 26th.

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.