Secure Asset Management LLC Buys 39,665 Shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Secure Asset Management LLC increased its stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 128.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 70,496 shares of the company’s stock after acquiring an additional 39,665 shares during the period. Secure Asset Management LLC’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $2,353,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Benjamin Edwards Inc. purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the first quarter worth $32,000. EverSource Wealth Advisors LLC bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the 1st quarter valued at about $34,000. Mather Group LLC. bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the 2nd quarter valued at about $35,000. VitalStone Financial LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter valued at about $39,000. Finally, TD Capital Management LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 27.7% in the fourth quarter. TD Capital Management LLC now owns 2,026 shares of the company’s stock worth $66,000 after acquiring an additional 439 shares during the period.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

Shares of SDVY traded up $1.02 during mid-day trading on Friday, hitting $35.92. 1,030,129 shares of the company traded hands, compared to its average volume of 1,124,238. First Trust SMID Cap Rising Dividend Archievers ETF has a 1 year low of $26.40 and a 1 year high of $37.25. The stock has a 50-day moving average price of $34.31 and a two-hundred day moving average price of $33.76. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a dividend of $0.1503 per share. The ex-dividend date was Thursday, June 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.67%.

First Trust SMID Cap Rising Dividend Archievers ETF 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.