Prosperity Financial Group Inc. Acquires 1,603 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Prosperity Financial Group Inc. grew its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 10.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,883 shares of the company’s stock after purchasing an additional 1,603 shares during the quarter. Prosperity Financial Group Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $596,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Fifth Third Bancorp raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 120.9% in 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 in the last quarter. Financial Network Wealth Advisors LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 1st quarter worth approximately $72,000. Pinnacle Bancorp Inc. grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 14.0% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 4,850 shares of the company’s stock worth $171,000 after buying an additional 595 shares during the last quarter. Larson Financial Group LLC grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 15.5% in the 1st quarter. Larson Financial Group LLC now owns 5,728 shares of the company’s stock worth $192,000 after buying an additional 770 shares during the last quarter. Finally, HBK Sorce Advisory LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 1st quarter worth approximately $204,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 0.9%

Shares of First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $37.37 on Thursday. The firm’s 50 day moving average price is $37.77 and its 200-day moving average price is $35.59. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $28.84 and a 52-week high of $40.60. The company has a market cap of $8.93 billion, a P/E ratio of 14.54 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a $0.095 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.38 dividend on an annualized basis and a dividend 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.