J. Derek Lewis & Associates Inc. Takes Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

J. Derek Lewis & Associates Inc. acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 23,171 shares of the company’s stock, valued at approximately $888,000.

Several other hedge funds have also modified their holdings of SDVY. Capital Advantage Inc. grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 40.5% during the 4th quarter. Capital Advantage Inc. now owns 77,232 shares of the company’s stock valued at $2,960,000 after buying an additional 22,276 shares during the period. Econ Financial Services Corp raised its position in shares of 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 buying an additional 37,184 shares during the period. Pinnacle Associates Ltd. raised its position in shares of 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 buying an additional 66,370 shares during the period. CWM LLC boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 7.4% in the fourth quarter. CWM LLC now owns 448,472 shares of the company’s stock valued at $17,185,000 after acquiring an additional 30,845 shares during the last quarter. Finally, Arvest Investments Inc. boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 10.7% in the fourth quarter. Arvest Investments Inc. now owns 263,558 shares of the company’s stock valued at $10,100,000 after acquiring an additional 25,490 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

SDVY stock opened at $42.22 on Friday. The stock has a 50-day moving average price of $41.73 and a two-hundred day moving average price of $40.69. First Trust SMID Cap Rising Dividend Achievers ETF has a 12-month low of $34.21 and a 12-month high of $42.90. The company has a market cap of $10.93 billion, a PE ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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