Gerald Baker Financial Group LLC Invests $3.10 Million in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Gerald Baker Financial Group LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 86,623 shares of the company’s stock, valued at approximately $3,105,000. First Trust SMID Cap Rising Dividend Achievers ETF comprises 1.0% of Gerald Baker Financial Group LLC’s investment portfolio, making the stock its 28th largest position.

A number of other large investors have also recently made changes to their positions in SDVY. Independent Financial Group LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 1st quarter worth approximately $12,008,000. Advantage Trust Co lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 1.1% in the first quarter. Advantage Trust Co now owns 443,500 shares of the company’s stock valued at $17,487,000 after buying an additional 4,636 shares during the last quarter. Gaddis Premier Wealth Advisors LLC boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.9% in the first quarter. Gaddis Premier Wealth Advisors LLC now owns 152,033 shares of the company’s stock valued at $5,995,000 after acquiring an additional 2,782 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 9.5% in the first quarter. D.A. Davidson & CO. now owns 736,973 shares of the company’s stock valued at $29,059,000 after acquiring an additional 63,777 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 13.2% during the first quarter. Bank of New York Mellon Corp now owns 47,306 shares of the company’s stock worth $1,865,000 after acquiring an additional 5,529 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $43.71 on Friday. The firm’s fifty day simple moving average is $42.09 and its 200-day simple moving average is $41.25. The stock has a market capitalization of $11.54 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $35.03 and a 12 month high of $43.71.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

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.