First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 13.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,021,868 shares of the company’s stock after buying an additional 247,246 shares during the quarter. Envestnet Asset Management Inc.’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $67,490,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SDVY. TMD Wealth Management LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 52.8% during the second quarter. TMD Wealth Management LLC now owns 327,483 shares of the company’s stock worth $10,931,000 after acquiring an additional 113,193 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in First Trust SMID Cap Rising Dividend Archievers ETF by 74.9% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 114,438 shares of the company’s stock worth $3,820,000 after purchasing an additional 48,991 shares during the last quarter. Stonebridge Financial Planning Group LLC increased its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 197.5% during the 2nd quarter. Stonebridge Financial Planning Group LLC now owns 36,087 shares of the company’s stock valued at $1,205,000 after purchasing an additional 23,958 shares in the last quarter. Main Street Financial Solutions LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 7.0% in the second quarter. Main Street Financial Solutions LLC now owns 44,736 shares of the company’s stock worth $1,493,000 after buying an additional 2,942 shares during the last quarter. Finally, Trueblood Wealth Management LLC lifted its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 3.9% during the second quarter. Trueblood Wealth Management LLC now owns 62,224 shares of the company’s stock worth $2,077,000 after buying an additional 2,336 shares during the period.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

Shares of SDVY opened at $35.66 on Wednesday. The firm has a market capitalization of $5.35 billion, a PE ratio of 8.30 and a beta of 1.18. The company’s fifty day moving average price is $34.94 and its 200-day moving average price is $34.08. First Trust SMID Cap Rising Dividend Archievers ETF has a 1-year low of $26.40 and a 1-year high of $37.25.

First Trust SMID Cap Rising Dividend Archievers ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a $0.1503 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Thursday, June 27th.

First Trust SMID Cap Rising Dividend Archievers 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.