World Investment Advisors Makes New Investment in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

World Investment Advisors bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 15,283 shares of the company’s stock, valued at approximately $586,000.

Other hedge funds have also added to or reduced their stakes in the company. Capital Advantage Inc. grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 40.5% in the 4th quarter. Capital Advantage Inc. now owns 77,232 shares of the company’s stock worth $2,960,000 after acquiring an additional 22,276 shares in the last quarter. Econ Financial Services Corp grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 26.1% in the 4th 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 in the last quarter. Arvest Investments Inc. grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 10.7% in the 4th quarter. Arvest Investments Inc. now owns 263,558 shares of the company’s stock worth $10,100,000 after acquiring an additional 25,490 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 39.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 233,252 shares of the company’s stock worth $8,868,000 after acquiring an additional 66,370 shares in the last quarter. Finally, BAM Wealth Management LLC grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 193.3% in the 4th quarter. BAM Wealth Management LLC now owns 39,606 shares of the company’s stock worth $1,518,000 after acquiring an additional 26,101 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of SDVY stock opened at $40.62 on Wednesday. The company has a market capitalization of $10.51 billion, a P/E ratio of 14.54 and a beta of 1.04. The company’s 50-day simple moving average is $40.78 and its two-hundred day simple moving average is $40.04. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $33.54 and a one year high of $42.89.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.0976 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 1.0%.

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.