Compass Financial Management LLC Takes $2.43 Million Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Compass Financial Management LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 56,189 shares of the company’s stock, valued at approximately $2,426,000.

Other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% in the 4th quarter. LPL Financial LLC now owns 24,892,169 shares of the company’s stock valued at $953,868,000 after purchasing an additional 1,135,800 shares during the period. Morgan Stanley lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.7% in the fourth quarter. Morgan Stanley now owns 17,946,856 shares of the company’s stock worth $687,724,000 after purchasing an additional 130,885 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 9.8% during the fourth 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 during the period. Bank of America Corp DE boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.3% during the first 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. Finally, Cetera Investment Advisers boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% during the first quarter. Cetera Investment Advisers now owns 7,943,362 shares of the company’s stock worth $313,207,000 after purchasing an additional 227,423 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of SDVY opened at $43.87 on Friday. The company’s 50 day moving average price is $43.43 and its 200 day moving average price is $41.98. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $36.40 and a 52 week high of $45.11. The company has a market capitalization of $11.59 billion, a PE ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

First Trust SMID Cap Rising Dividend Achievers ETF Profile

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.