Compass Financial Management LLC Buys Shares of 56,189 First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Compass Financial Management LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 56,189 shares of the company’s stock, valued at approximately $2,426,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Virtus Family Office LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 14.1% in the fourth quarter. Virtus Family Office LLC now owns 106,427 shares of the company’s stock worth $4,078,000 after purchasing an additional 13,183 shares in the last quarter. Summit Wealth Group LLC Co. acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth approximately $1,047,000. Pinnacle Associates Ltd. increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% in the fourth quarter. Pinnacle Associates Ltd. now owns 252,704 shares of the company’s stock valued at $9,684,000 after buying an additional 19,452 shares in the last quarter. Gilpin Wealth Management LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth $519,000. Finally, Arax Advisory Partners acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth about $8,780,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of SDVY opened at $43.87 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $36.40 and a one year high of $45.11. The company has a 50-day moving average of $43.43 and a two-hundred day moving average of $41.98. The stock has a market cap of $11.59 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared 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 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.