Cary Street Partners Financial LLC Invests $771,000 in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Cary Street Partners Financial LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 21,510 shares of the company’s stock, valued at approximately $771,000.

A number of other hedge funds have also bought and sold shares of SDVY. JPMorgan Chase & Co. lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 18.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 145,503 shares of the company’s stock worth $5,293,000 after buying an additional 22,158 shares during the last quarter. International Assets Investment Management LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth $1,679,000. ORG Partners LLC boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 202.5% in the fourth quarter. ORG Partners LLC now owns 6,050 shares of the company’s stock worth $217,000 after purchasing an additional 4,050 shares during the period. Aprio Wealth Management LLC increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 8.5% during the fourth quarter. Aprio Wealth Management LLC now owns 201,302 shares of the company’s stock valued at $7,217,000 after purchasing an additional 15,819 shares during the last quarter. Finally, EWG Elevate Inc. raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% during the fourth quarter. EWG Elevate Inc. now owns 81,473 shares of the company’s stock worth $2,921,000 after purchasing an additional 2,286 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $33.75 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $28.84 and a 1 year high of $40.60. The firm’s 50-day moving average is $32.63 and its 200-day moving average is $35.64. The company has a market cap of $7.80 billion, a P/E ratio of 13.22 and a beta of 1.12.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a $0.1576 dividend. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14. This represents a $0.63 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Thursday, March 27th.

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.