Acorn Wealth Advisors LLC Purchases New Shares in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Acorn Wealth Advisors LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,031 shares of the company’s stock, valued at approximately $219,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 105.2% during the 3rd quarter. Assetmark Inc. now owns 3,211 shares of the company’s stock valued at $117,000 after acquiring an additional 1,646 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 2nd quarter valued at about $298,000. Park National Corp OH lifted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 292.0% during the third quarter. Park National Corp OH now owns 2,531,035 shares of the company’s stock worth $92,079,000 after purchasing an additional 1,885,435 shares during the last quarter. Cherry Creek Investment Advisors Inc. grew its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 8.8% in the third quarter. Cherry Creek Investment Advisors Inc. now owns 86,313 shares of the company’s stock worth $3,140,000 after purchasing an additional 6,973 shares in the last quarter. Finally, Triton Wealth Management PLLC acquired a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the third quarter worth about $237,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Up 1.8 %

Shares of NASDAQ SDVY opened at $40.33 on Tuesday. The stock’s 50 day moving average price is $37.00 and its two-hundred day moving average price is $35.28. First Trust SMID Cap Rising Dividend Archievers ETF has a 52-week low of $28.92 and a 52-week high of $40.60. The stock has a market capitalization of $7.06 billion, a P/E ratio of 8.30 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.1383 per share. This represents a $0.55 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, September 26th.

About First Trust SMID Cap Rising Dividend Archievers 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.