First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Shares Bought by Maridea Wealth Management LLC

Maridea Wealth Management LLC raised its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 35.1% in the first quarter, Holdings Channel reports. The institutional investor owned 80,975 shares of the company’s stock after purchasing an additional 21,057 shares during the period. Maridea Wealth Management LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $3,193,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of SDVY. Pinnacle Wealth Management Advisory Group LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 10.1% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 193,437 shares of the company’s stock valued at $7,627,000 after purchasing an additional 17,692 shares in the last quarter. Independent Wealth Network Inc. raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 1.7% in the 1st quarter. Independent Wealth Network Inc. now owns 18,298 shares of the company’s stock worth $721,000 after purchasing an additional 301 shares during the period. Dagco Inc. boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 11.6% during the first quarter. Dagco Inc. now owns 413,183 shares of the company’s stock worth $16,292,000 after purchasing an additional 42,999 shares in the last quarter. RFG Advisory LLC boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 15.7% during the first quarter. RFG Advisory LLC now owns 300,293 shares of the company’s stock worth $11,841,000 after purchasing an additional 40,647 shares in the last quarter. Finally, Centennial Wealth Advisory LLC boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 16.9% during the first quarter. Centennial Wealth Advisory LLC now owns 28,066 shares of the company’s stock worth $1,107,000 after purchasing an additional 4,062 shares in the last quarter.

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

Shares of SDVY opened at $43.08 on Friday. The firm has a market cap of $11.15 billion, a P/E ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $35.03 and a 12 month high of $43.44. The stock’s 50 day moving average is $41.84 and its two-hundred day moving average is $40.84.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm 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. The ex-dividend date is Thursday, June 25th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%.

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.