J. Derek Lewis & Associates Inc. Buys New Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

J. Derek Lewis & Associates Inc. bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 23,171 shares of the company’s stock, valued at approximately $888,000.

Several other hedge funds also recently modified their holdings of the company. Rockefeller Capital Management L.P. raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 92.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,122,947 shares of the company’s stock valued at $43,031,000 after buying an additional 538,692 shares during the last quarter. World Investment Advisors acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth approximately $586,000. Advisortrust Partners LLC acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth approximately $452,000. Rehmann Capital Advisory Group grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 5.1% in the 4th quarter. Rehmann Capital Advisory Group now owns 132,871 shares of the company’s stock worth $5,092,000 after acquiring an additional 6,488 shares during the period. Finally, S Harris Financial Group LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth approximately $10,699,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of SDVY opened at $42.22 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $34.21 and a fifty-two week high of $42.90. The company has a market capitalization of $10.93 billion, a PE ratio of 14.54 and a beta of 1.01. The stock has a fifty day moving average of $41.73 and a two-hundred day moving average of $40.69.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.0976 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 0.9%.

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.