Main Street Financial Solutions LLC Boosts Stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Main Street Financial Solutions LLC lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 25.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 19,781 shares of the company’s stock after acquiring an additional 3,979 shares during the quarter. Main Street Financial Solutions LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $709,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SDVY. DHK Financial Advisors Inc. boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 0.5% during the fourth quarter. DHK Financial Advisors Inc. now owns 58,897 shares of the company’s stock worth $2,111,000 after buying an additional 297 shares during the period. tru Independence LLC increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 1.2% in the 4th quarter. tru Independence LLC now owns 31,039 shares of the company’s stock valued at $1,113,000 after purchasing an additional 362 shares during the last quarter. Pineridge Advisors LLC raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 138.9% in the fourth quarter. Pineridge Advisors LLC now owns 762 shares of the company’s stock valued at $27,000 after purchasing an additional 443 shares during the period. Capital Investment Counsel LLC lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 0.3% during the fourth quarter. Capital Investment Counsel LLC now owns 212,062 shares of the company’s stock worth $7,602,000 after purchasing an additional 549 shares in the last quarter. Finally, Clear Creek Financial Management LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.3% in the fourth quarter. Clear Creek Financial Management LLC now owns 11,419 shares of the company’s stock valued at $409,000 after buying an additional 574 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 1.1 %

SDVY opened at $31.14 on Thursday. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 12.77 and a beta of 1.12. The stock’s 50-day moving average price is $33.83 and its 200 day moving average price is $36.09. First Trust SMID Cap Rising Dividend Achievers ETF has a 12-month low of $28.84 and a 12-month high of $40.60.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.1576 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 2.02%. 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.