Frederick Financial Consultants LLC Invests $306,000 in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Frederick Financial Consultants LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the 4th quarter, HoldingsChannel reports. The fund bought 8,534 shares of the company’s stock, valued at approximately $306,000.

A number of other large investors have also added to or reduced their stakes in the stock. Farmers & Merchants Investments Inc. bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at about $26,000. National Bank of Canada FI bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 3rd quarter worth approximately $27,000. Grove Bank & Trust purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at $27,000. Pineridge Advisors LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 138.9% during the fourth quarter. Pineridge Advisors LLC now owns 762 shares of the company’s stock valued at $27,000 after buying an additional 443 shares during the last quarter. Finally, FSC Wealth Advisors LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth approximately $29,000.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 0.6 %

Shares of NASDAQ:SDVY opened at $31.34 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $28.84 and a 12 month high of $40.60. The company has a market cap of $7.28 billion, a price-to-earnings ratio of 12.77 and a beta of 1.18. The company has a 50-day moving average price of $33.72 and a 200-day moving average price of $36.05.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a $0.1576 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.63 annualized dividend and a dividend yield of 2.01%. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14.

About First Trust SMID Cap Rising Dividend Achievers ETF

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.