Truist Financial Corp Buys 13,611 Shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Truist Financial Corp lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 15.5% in the third quarter, Holdings Channel.com reports. The fund owned 101,176 shares of the company’s stock after acquiring an additional 13,611 shares during the quarter. Truist Financial Corp’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $2,860,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SDVY. Advisor Group Holdings Inc. grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 19.7% in the third quarter. Advisor Group Holdings Inc. now owns 153,588 shares of the company’s stock valued at $4,341,000 after acquiring an additional 25,303 shares during the period. Financial Advocates Investment Management raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 39.0% in the third quarter. Financial Advocates Investment Management now owns 69,183 shares of the company’s stock valued at $1,956,000 after buying an additional 19,415 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 33.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 248,021 shares of the company’s stock valued at $7,012,000 after buying an additional 62,479 shares during the period. Raymond James & Associates raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 356.1% during the 3rd quarter. Raymond James & Associates now owns 471,776 shares of the company’s stock valued at $13,337,000 after purchasing an additional 368,335 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 16.9% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 12,904 shares of the company’s stock valued at $365,000 after purchasing an additional 1,864 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $30.59 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $24.11 and a 52 week high of $31.06. The business has a 50-day simple moving average of $30.09 and a 200 day simple moving average of $29.41.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 31st. Investors of record on Monday, December 27th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.63%. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, December 23rd.

Further Reading: Arbitrage

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Institutional Ownership by Quarter for First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

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