Brookstone Capital Management Acquires 4,159 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Brookstone Capital Management lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 6.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 65,522 shares of the company’s stock after acquiring an additional 4,159 shares during the period. Brookstone Capital Management’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $2,312,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SDVY. Fifth Third Bancorp lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 120.9% during the 2nd quarter. Fifth Third Bancorp now owns 952 shares of the company’s stock valued at $34,000 after purchasing an additional 521 shares during the last quarter. Financial Network Wealth Advisors LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 1st quarter valued at about $72,000. Pinnacle Bancorp Inc. lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 14.0% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 4,850 shares of the company’s stock valued at $171,000 after purchasing an additional 595 shares during the last quarter. Larson Financial Group LLC lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 15.5% during the 1st quarter. Larson Financial Group LLC now owns 5,728 shares of the company’s stock valued at $192,000 after purchasing an additional 770 shares during the last quarter. Finally, HBK Sorce Advisory LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 1st quarter valued at about $204,000.

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

Shares of SDVY stock opened at $37.85 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 capitalization of $9.04 billion, a P/E ratio of 14.54 and a beta of 1.18. The firm has a 50-day moving average price of $37.80 and a 200 day moving average price of $35.70.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, September 25th.

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.