Ritter Daniher Financial Advisory LLC DE Purchases New Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Ritter Daniher Financial Advisory LLC DE purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 40,425 shares of the company’s stock, valued at approximately $1,537,000.

A number of other institutional investors have also made changes to their positions in the company. Silver Oak Securities Incorporated raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 54.8% during the third quarter. Silver Oak Securities Incorporated now owns 87,799 shares of the company’s stock worth $3,338,000 after purchasing an additional 31,072 shares during the period. Commonwealth Equity Services LLC boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 17.1% during the third quarter. Commonwealth Equity Services LLC now owns 3,384,431 shares of the company’s stock worth $128,674,000 after buying an additional 494,306 shares in the last quarter. Formidable Asset Management LLC raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 17.2% during the 3rd quarter. Formidable Asset Management LLC now owns 87,779 shares of the company’s stock worth $3,097,000 after buying an additional 12,862 shares during the period. Precedent Wealth Partners LLC grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 14.3% during the 3rd quarter. Precedent Wealth Partners LLC now owns 244,732 shares of the company’s stock worth $9,305,000 after purchasing an additional 30,683 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 4.0% during the 3rd quarter. D.A. Davidson & CO. now owns 669,617 shares of the company’s stock worth $25,458,000 after acquiring an additional 25,832 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 $40.55 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $28.84 and a twelve month high of $41.33. The firm’s 50 day moving average price is $39.25 and its two-hundred day moving average price is $38.00. The firm has a market cap of $10.14 billion, a PE ratio of 14.54 and a beta of 1.12.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a dividend of $0.1305 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.52 annualized dividend and a dividend yield of 1.3%. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10.

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.