Pinnacle Wealth Management Advisory Group LLC Increases Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Pinnacle Wealth Management Advisory Group LLC boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 10.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 193,437 shares of the company’s stock after purchasing an additional 17,692 shares during the period. Pinnacle Wealth Management Advisory Group LLC owned approximately 0.08% of First Trust SMID Cap Rising Dividend Achievers ETF worth $7,627,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Eagle Bay Advisors LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at about $25,000. Oakworth Capital Inc. purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at about $25,000. Trust Co. of Vermont acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth approximately $27,000. Smartleaf Asset Management LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth approximately $28,000. Finally, EQ Wealth Advisors LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth approximately $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 0.1%

Shares of NASDAQ:SDVY opened at $43.08 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $35.03 and a 52-week high of $43.44. The company has a 50 day moving average of $41.84 and a two-hundred day moving average of $40.84. The company has a market capitalization of $11.15 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be given a dividend of $0.0901 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, June 25th.

About First Trust SMID Cap Rising Dividend Achievers 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.