Marshall Financial Group LLC Grows Stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Marshall Financial Group LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 61.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 68,195 shares of the company’s stock after acquiring an additional 25,949 shares during the quarter. Marshall Financial Group LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $2,285,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. AdvisorNet Financial Inc raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 3.8% in the 1st quarter. AdvisorNet Financial Inc now owns 10,064 shares of the company’s stock worth $337,000 after purchasing an additional 372 shares during the period. Harbor Investment Advisory LLC grew its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 38.8% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,610 shares of the company’s stock valued at $54,000 after buying an additional 450 shares in the last quarter. Fiduciary Trust Co grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 8.0% during the fourth quarter. Fiduciary Trust Co now owns 6,314 shares of the company’s stock valued at $226,000 after acquiring an additional 469 shares in the last quarter. Headlands Technologies LLC increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 307.1% in the fourth quarter. Headlands Technologies LLC now owns 802 shares of the company’s stock worth $29,000 after purchasing an additional 605 shares during the last quarter. Finally, Pitti Group Wealth Management LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.8% during the 1st quarter. Pitti Group Wealth Management LLC now owns 14,294 shares of the company’s stock worth $479,000 after acquiring an additional 784 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 0.1%

SDVY stock opened at $34.81 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $28.84 and a 52 week high of $40.60. The company has a fifty day simple moving average of $33.29 and a two-hundred day simple moving average of $35.13. The firm has a market capitalization of $8.09 billion, a P/E ratio of 13.22 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a dividend of $0.1576 per share. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14. This represents a $0.63 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Thursday, March 27th.

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.