38,150 Shares in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Acquired by Everest Financial Group LLC

Everest Financial Group LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the first quarter, HoldingsChannel.com reports. The firm bought 38,150 shares of the company’s stock, valued at approximately $1,504,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Econ Financial Services Corp increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 26.1% during the fourth quarter. Econ Financial Services Corp now owns 179,719 shares of the company’s stock worth $6,887,000 after acquiring an additional 37,184 shares during the period. CWM LLC boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 7.4% in the fourth quarter. CWM LLC now owns 448,472 shares of the company’s stock valued at $17,185,000 after purchasing an additional 30,845 shares during the period. Arvest Investments Inc. grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 10.7% during the 4th quarter. Arvest Investments Inc. now owns 263,558 shares of the company’s stock worth $10,100,000 after purchasing an additional 25,490 shares in the last quarter. Virtus Family Office LLC grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 14.1% during the 4th 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. Finally, BAM Wealth Management LLC increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 193.3% during the 4th quarter. BAM Wealth Management LLC now owns 39,606 shares of the company’s stock worth $1,518,000 after purchasing an additional 26,101 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ SDVY opened at $43.28 on Friday. The company has a market cap of $11.44 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01. The stock’s 50-day moving average is $42.30 and its two-hundred day moving average is $41.42. First Trust SMID Cap Rising Dividend Achievers ETF has a 1-year low of $35.03 and a 1-year high of $43.82.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.0901 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%.

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.