Manchester Financial Inc. Acquires 13,630 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Manchester Financial Inc. raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 239.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,333 shares of the company’s stock after purchasing an additional 13,630 shares during the quarter. Manchester Financial Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $741,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Eagle Bay Advisors LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at $25,000. Oakworth Capital Inc. bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at $25,000. Trust Co. of Vermont bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at $27,000. EQ Wealth Advisors LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at $30,000. Finally, High Note Wealth LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at $32,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of SDVY opened at $41.98 on Friday. The stock has a fifty day moving average price of $41.46 and a two-hundred day moving average price of $40.53. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $34.19 and a 52-week high of $42.89. The company has a market cap of $10.87 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.0976 dividend. This represents a $0.39 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 26th.

First Trust SMID Cap Rising Dividend Achievers ETF Company 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.