First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Shares Purchased by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 5.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 321,947 shares of the company’s stock after purchasing an additional 15,502 shares during the period. Pinnacle Associates Ltd.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $13,065,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Maryland Capital Advisors Inc. bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter valued at about $28,000. Anchor Investment Management LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 1st quarter valued at about $30,000. Orion Capital Management LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 2nd quarter valued at about $39,000. Olistico Wealth LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter valued at about $41,000. Finally, Parkside Financial Bank & Trust purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 2nd quarter valued at about $51,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

NASDAQ:SDVY opened at $42.02 on Thursday. The business has a 50 day moving average of $42.39 and a 200 day moving average of $42.38. The company has a market capitalization of $11.09 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a 1-year low of $36.40 and a 1-year high of $45.11.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a dividend of $0.1002 per share. The ex-dividend date was Thursday, September 24th. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901. This represents a $0.40 dividend on an annualized basis and a yield of 1.0%.

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.