Catalyst Investment Management LLC Makes New Investment in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Catalyst Investment Management LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the 4th quarter, Holdings Channel reports. The firm purchased 119,660 shares of the company’s stock, valued at approximately $4,585,000. First Trust SMID Cap Rising Dividend Achievers ETF comprises approximately 4.3% of Catalyst Investment Management LLC’s holdings, making the stock its 8th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital Advantage Inc. grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 40.5% in the fourth quarter. Capital Advantage Inc. now owns 77,232 shares of the company’s stock valued at $2,960,000 after buying an additional 22,276 shares in the last quarter. Econ Financial Services Corp increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 26.1% during the fourth quarter. Econ Financial Services Corp now owns 179,719 shares of the company’s stock worth $6,887,000 after buying an additional 37,184 shares during the last quarter. Pinnacle Associates Ltd. raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 39.8% during the third quarter. Pinnacle Associates Ltd. now owns 233,252 shares of the company’s stock worth $8,868,000 after acquiring an additional 66,370 shares in the last quarter. Arvest Investments Inc. raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 10.7% during the fourth quarter. Arvest Investments Inc. now owns 263,558 shares of the company’s stock worth $10,100,000 after acquiring an additional 25,490 shares in the last quarter. Finally, CWM LLC lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 7.4% in the fourth quarter. CWM LLC now owns 448,472 shares of the company’s stock valued at $17,185,000 after acquiring an additional 30,845 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of SDVY stock opened at $42.22 on Friday. The company has a fifty day moving average price of $41.71 and a two-hundred day moving average price of $40.68. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $34.21 and a one year high of $42.90. The stock has a market cap of $10.93 billion, a P/E 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 was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.0976 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 26th.

First Trust SMID Cap Rising Dividend Achievers 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.