Pinnacle Wealth Management Advisory Group LLC Increases Stock Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Pinnacle Wealth Management Advisory Group LLC boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 27.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,297 shares of the company’s stock after purchasing an additional 24,950 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $4,032,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter valued at $33,000. Fifth Third Bancorp grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 120.9% during the second quarter. Fifth Third Bancorp now owns 952 shares of the company’s stock worth $34,000 after buying an additional 521 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 2nd quarter valued at about $34,000. Bank of Montreal Can raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 4,082.8% during the 2nd quarter. Bank of Montreal Can now owns 1,213 shares of the company’s stock valued at $43,000 after acquiring an additional 1,184 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 1st quarter valued at approximately $72,000.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 1.0%

First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $37.74 on Friday. The stock has a 50 day moving average of $37.78 and a two-hundred day moving average of $36.20. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $28.84 and a twelve month high of $40.60. The stock has a market capitalization of $9.07 billion, a price-to-earnings ratio of 14.54 and a beta of 1.12.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, September 25th.

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.