Southern Financial Group LLC Boosts Stake in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Southern Financial Group LLC lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 0.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,303,502 shares of the company’s stock after buying an additional 11,694 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF comprises approximately 14.4% of Southern Financial Group LLC’s investment portfolio, making the stock its 3rd biggest position. Southern Financial Group LLC owned approximately 0.50% of First Trust SMID Cap Rising Dividend Achievers ETF worth $51,397,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of SDVY. Raymond James Financial Inc. increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 9.8% in the 4th quarter. Raymond James Financial Inc. now owns 14,105,263 shares of the company’s stock worth $540,514,000 after purchasing an additional 1,261,249 shares in the last quarter. LPL Financial LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% during the fourth quarter. LPL Financial LLC now owns 24,892,169 shares of the company’s stock worth $953,868,000 after purchasing an additional 1,135,800 shares during the last quarter. Elevation Point Wealth Partners LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 14,172.1% during the first quarter. Elevation Point Wealth Partners LLC now owns 1,039,862 shares of the company’s stock worth $41,002,000 after purchasing an additional 1,032,576 shares during the last quarter. Axxcess Wealth Management LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4,508.1% in the fourth quarter. Axxcess Wealth Management LLC now owns 806,331 shares of the company’s stock valued at $30,899,000 after buying an additional 788,833 shares during the period. Finally, Decker Wealth Management LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the first quarter valued at approximately $24,789,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

NASDAQ:SDVY opened at $43.78 on Monday. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $35.03 and a one year high of $44.19. The company has a market cap of $11.57 billion, a PE ratio of 14.54 and a beta of 1.01. The firm’s 50 day simple moving average is $42.56 and its 200 day simple moving average is $41.57.

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. Investors of record on Thursday, June 25th were paid a $0.0901 dividend. The ex-dividend date of this dividend 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.