Ethos Financial Group LLC Takes $2 Million Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Ethos Financial Group LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the first quarter, HoldingsChannel reports. The fund bought 50,604 shares of the company’s stock, valued at approximately $1,995,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SDVY. Eagle Bay Advisors LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at approximately $25,000. Oakworth Capital Inc. bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth approximately $25,000. Trust Co. of Vermont bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth approximately $27,000. Smartleaf Asset Management LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at approximately $28,000. Finally, EQ Wealth Advisors LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at $30,000.

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

Shares of NASDAQ SDVY opened at $42.92 on Wednesday. The business’s 50 day moving average price is $42.04 and its two-hundred day moving average price is $41.19. The company has a market cap of $11.32 billion, a PE ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $35.03 and a twelve month high of $43.63.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

First Trust SMID Cap Rising Dividend Achievers ETF 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.