Main Street Financial Solutions LLC Raises Stock Position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Main Street Financial Solutions LLC raised its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 7.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,736 shares of the company’s stock after purchasing an additional 2,942 shares during the quarter. Main Street Financial Solutions LLC’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $1,493,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SDVY. Trueblood Wealth Management LLC grew its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 3.9% in the 2nd 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. Investment Partners LTD. grew its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 12.3% in the 2nd quarter. Investment Partners LTD. now owns 23,882 shares of the company’s stock worth $797,000 after buying an additional 2,611 shares during the period. Hazlett Burt & Watson Inc. purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 2nd quarter worth about $28,000. LPL Financial LLC grew its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 15.9% in the 2nd quarter. LPL Financial LLC now owns 15,358,397 shares of the company’s stock worth $512,663,000 after buying an additional 2,105,789 shares during the period. Finally, VitalStone Financial LLC grew its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 16.4% in the 2nd quarter. VitalStone Financial LLC now owns 17,185 shares of the company’s stock worth $574,000 after buying an additional 2,426 shares during the period.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

Shares of First Trust SMID Cap Rising Dividend Archievers ETF stock opened at $34.31 on Friday. The stock has a market cap of $5.15 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18. The firm’s 50-day moving average is $34.79 and its 200 day moving average is $34.02. 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 declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were paid a $0.1503 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Thursday, June 27th.

About First Trust SMID Cap Rising Dividend Archievers 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.