Touchstone Capital Inc. Purchases New Shares in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Touchstone Capital Inc. acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 32,687 shares of the company’s stock, valued at approximately $1,243,000. First Trust SMID Cap Rising Dividend Achievers ETF accounts for 0.6% of Touchstone Capital Inc.’s portfolio, making the stock its 25th largest position.

Other institutional investors have also modified their holdings of the company. Cetera Investment Advisers raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.5% during the 2nd quarter. Cetera Investment Advisers now owns 5,276,231 shares of the company’s stock worth $186,145,000 after purchasing an additional 273,077 shares during the last quarter. Capital Investment Advisors LLC increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 5.0% during the 3rd quarter. Capital Investment Advisors LLC now owns 4,170,826 shares of the company’s stock worth $158,573,000 after buying an additional 198,680 shares in the last quarter. Park National Corp OH raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.1% during the third quarter. Park National Corp OH now owns 3,412,175 shares of the company’s stock valued at $129,729,000 after acquiring an additional 35,601 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 17.1% in the third quarter. Commonwealth Equity Services LLC now owns 3,384,431 shares of the company’s stock valued at $128,674,000 after acquiring an additional 494,306 shares in the last quarter. Finally, Harbour Investments Inc. lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 472.9% in the second quarter. Harbour Investments Inc. now owns 2,835,642 shares of the company’s stock valued at $100,041,000 after acquiring an additional 2,340,638 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of SDVY opened at $39.99 on Wednesday. The stock has a 50 day moving average price of $38.50 and a 200 day moving average price of $37.65. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $28.84 and a one year high of $40.30. The stock has a market capitalization of $9.90 billion, a price-to-earnings ratio of 14.54 and a beta of 1.12.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a $0.1305 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.3%. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, December 12th.

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.