First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Stake Boosted by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 5.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 321,947 shares of the company’s stock after buying an additional 15,502 shares during the quarter. Pinnacle Associates Ltd. owned about 0.12% of First Trust SMID Cap Rising Dividend Achievers ETF worth $13,065,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SDVY. MCF Advisors LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter worth approximately $9,702,000. Pinnacle Wealth Management Advisory Group LLC raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 9.7% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 212,206 shares of the company’s stock valued at $9,155,000 after purchasing an additional 18,769 shares in the last quarter. Guardian Wealth Advisors LLC NC raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 4.4% in the second quarter. Guardian Wealth Advisors LLC NC now owns 571,663 shares of the company’s stock valued at $24,662,000 after purchasing an additional 24,311 shares in the last quarter. Benjamin Edwards Inc. raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 13.0% in the second quarter. Benjamin Edwards Inc. now owns 298,897 shares of the company’s stock valued at $12,896,000 after purchasing an additional 34,295 shares in the last quarter. Finally, Spartan Wealth Advisory Services LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the first quarter valued at approximately $2,206,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $42.02 on Thursday. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $36.40 and a 1 year high of $45.11. The firm has a market cap of $11.09 billion, a PE ratio of 14.54 and a beta of 1.01. The company has a 50 day simple moving average of $42.39 and a two-hundred day simple moving average of $42.38.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a $0.1002 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, September 24th. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901.

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.