Compass Financial Management LLC Invests $2.43 Million in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Compass Financial Management LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 56,189 shares of the company’s stock, valued at approximately $2,426,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Oakworth Capital Inc. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth $25,000. Smartleaf Asset Management LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at about $28,000. EQ Wealth Advisors LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at about $30,000. Anchor Investment Management LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the first quarter valued at about $30,000. Finally, High Note Wealth LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at about $32,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ SDVY opened at $43.87 on Friday. The company has a market cap of $11.59 billion, a PE ratio of 14.54 and a beta of 1.01. The business has a 50-day simple moving average of $43.43 and a two-hundred day simple moving average of $41.98. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $36.40 and a fifty-two week high of $45.11.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.0901 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.36 annualized dividend and a dividend yield of 0.8%.

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.