5,900 Shares in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Purchased by Covenant Asset Management LLC

Covenant Asset Management LLC bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,900 shares of the company’s stock, valued at approximately $215,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hazlett Burt & Watson Inc. bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the second quarter valued at $28,000. Strategic Financial Concepts LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 2nd quarter worth $28,000. EverSource Wealth Advisors LLC purchased a new stake in First Trust SMID Cap Rising Dividend Archievers ETF in the 1st quarter worth about $34,000. Mather Group LLC. bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF in the 2nd quarter valued at about $35,000. Finally, ORG Partners LLC purchased a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the third quarter valued at about $73,000.

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

Shares of NASDAQ:SDVY opened at $38.91 on Friday. The firm has a market capitalization of $6.81 billion, a PE ratio of 8.30 and a beta of 1.18. The company has a 50-day moving average price of $36.81 and a two-hundred day moving average price of $35.18. First Trust SMID Cap Rising Dividend Archievers ETF has a twelve month low of $28.87 and a twelve month high of $39.24.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.1383 dividend. This represents a $0.55 annualized dividend and a yield of 1.42%. The ex-dividend date was Thursday, September 26th.

First Trust SMID Cap Rising Dividend Archievers 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.