Mach 1 Financial Group LLC Invests $11 Million in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Mach 1 Financial Group LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 286,966 shares of the company’s stock, valued at approximately $10,997,000. First Trust SMID Cap Rising Dividend Achievers ETF comprises approximately 2.3% of Mach 1 Financial Group LLC’s holdings, making the stock its 10th biggest holding. Mach 1 Financial Group LLC owned about 0.11% of First Trust SMID Cap Rising Dividend Achievers ETF at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. TD Waterhouse Canada Inc. boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 15,085 shares of the company’s stock valued at $578,000 after purchasing an additional 251 shares in the last quarter. Keystone Financial Services LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.3% during the fourth quarter. Keystone Financial Services LLC now owns 19,815 shares of the company’s stock valued at $759,000 after purchasing an additional 252 shares in the last quarter. Fortis Group Advisors LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 3.3% during the fourth quarter. Fortis Group Advisors LLC now owns 8,422 shares of the company’s stock valued at $340,000 after purchasing an additional 272 shares in the last quarter. Marino Stram & Associates LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.0% during the fourth quarter. Marino Stram & Associates LLC now owns 7,306 shares of the company’s stock valued at $280,000 after purchasing an additional 284 shares in the last quarter. Finally, Cary Street Partners Financial LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.4% during the third quarter. Cary Street Partners Financial LLC now owns 22,510 shares of the company’s stock valued at $856,000 after purchasing an additional 300 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 1.6%

NASDAQ SDVY opened at $41.28 on Thursday. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $33.54 and a twelve month high of $42.89. The firm has a market capitalization of $10.69 billion, a PE ratio of 14.54 and a beta of 1.04. The stock’s 50 day moving average is $40.80 and its 200 day moving average is $40.07.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.0976 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.39 annualized dividend and a dividend yield of 0.9%.

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.