Kraematon Investment Advisors Inc. Buys 4,396 Shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Kraematon Investment Advisors Inc. lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 23.6% in the first quarter, HoldingsChannel.com reports. The fund owned 23,011 shares of the company’s stock after acquiring an additional 4,396 shares during the quarter. Kraematon Investment Advisors Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $771,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SDVY. Farmers & Merchants Investments Inc. bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth $26,000. Pineridge Advisors LLC lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 138.9% during the 4th quarter. Pineridge Advisors LLC now owns 762 shares of the company’s stock worth $27,000 after acquiring an additional 443 shares during the last quarter. Headlands Technologies LLC lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 307.1% during the 4th quarter. Headlands Technologies LLC now owns 802 shares of the company’s stock worth $29,000 after acquiring an additional 605 shares during the last quarter. Mascoma Wealth Management LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth $31,000. Finally, Park Square Financial Group LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth $31,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

NASDAQ SDVY opened at $34.91 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $28.84 and a 52-week high of $40.60. The company has a market capitalization of $8.11 billion, a P/E ratio of 13.22 and a beta of 1.18. The company has a fifty day moving average of $33.02 and a 200-day moving average of $35.23.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a $0.1576 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Thursday, March 27th. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14.

First Trust SMID Cap Rising Dividend Achievers 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.