Concentrum Wealth Management Invests $446,000 in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Concentrum Wealth Management bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 12,443 shares of the company’s stock, valued at approximately $446,000.

A number of other institutional investors have also recently bought and sold shares of the business. Farmers & Merchants Investments Inc. acquired a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 4th quarter valued at $26,000. National Bank of Canada FI bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the third quarter valued at $27,000. Grove Bank & Trust bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter worth about $27,000. Pineridge Advisors LLC boosted its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 138.9% in the 4th quarter. Pineridge Advisors LLC now owns 762 shares of the company’s stock valued at $27,000 after buying an additional 443 shares during the last quarter. Finally, FSC Wealth Advisors LLC acquired a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter worth $29,000.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

First Trust SMID Cap Rising Dividend Archievers ETF stock opened at $30.31 on Monday. First Trust SMID Cap Rising Dividend Archievers ETF has a fifty-two week low of $29.67 and a fifty-two week high of $40.60. The firm has a market capitalization of $7.07 billion, a PE ratio of 13.43 and a beta of 1.18. The company’s 50-day moving average is $35.11 and its 200-day moving average is $36.46.

First Trust SMID Cap Rising Dividend Archievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a dividend of $0.1576 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Thursday, March 27th. This is a boost from First Trust SMID Cap Rising Dividend Archievers ETF’s previous quarterly dividend of $0.14.

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.