Envestnet Asset Management Inc. Purchases 247,246 Shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Envestnet Asset Management Inc. lifted its position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 13.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,021,868 shares of the company’s stock after acquiring an additional 247,246 shares during the quarter. Envestnet Asset Management Inc. owned 1.35% of First Trust SMID Cap Rising Dividend Archievers ETF worth $67,490,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Investment Partners LTD. raised its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 1.5% in the 1st quarter. Investment Partners LTD. now owns 21,271 shares of the company’s stock valued at $741,000 after purchasing an additional 315 shares in the last quarter. World Equity Group Inc. raised its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 0.4% in the second quarter. World Equity Group Inc. now owns 108,498 shares of the company’s stock worth $3,622,000 after buying an additional 423 shares in the last quarter. Private Client Services LLC lifted its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 6.6% during the second quarter. Private Client Services LLC now owns 6,929 shares of the company’s stock worth $231,000 after buying an additional 426 shares during the period. Ashton Thomas Private Wealth LLC boosted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 1.0% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 42,967 shares of the company’s stock valued at $1,434,000 after acquiring an additional 431 shares in the last quarter. Finally, TD Capital Management LLC increased its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 27.7% in the 4th quarter. TD Capital Management LLC now owns 2,026 shares of the company’s stock valued at $66,000 after acquiring an additional 439 shares during the period.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

Shares of NASDAQ SDVY opened at $35.66 on Wednesday. First Trust SMID Cap Rising Dividend Archievers ETF has a 1-year low of $26.40 and a 1-year high of $37.25. The business has a fifty day moving average price of $34.94 and a 200 day moving average price of $34.08. The stock has a market capitalization of $5.35 billion, a P/E ratio of 8.30 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Dividend Announcement

The company also recently declared 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 Company 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.