Directional Asset Management Acquires New Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Directional Asset Management acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 15,891 shares of the company’s stock, valued at approximately $609,000.

Other institutional investors and hedge funds have also modified their holdings of the company. GoalVest Advisory LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 3rd quarter valued at approximately $25,000. Bank of Jackson Hole Trust acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 3rd quarter valued at approximately $25,000. Eagle Bay Advisors LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at approximately $25,000. Trust Co. of Vermont acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at approximately $27,000. Finally, Hoese & Co LLP acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at approximately $48,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

NASDAQ SDVY opened at $42.34 on Friday. The stock has a market capitalization of $10.89 billion, a price-to-earnings ratio of 14.54 and a beta of 1.06. The stock’s 50 day moving average price is $40.84 and its two-hundred day moving average price is $39.53. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $31.79 and a 52 week high of $42.89.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.0976 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.39 annualized dividend and a yield of 0.9%.

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.