Summit Investment Advisory Services LLC Boosts Stock Holdings in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Summit Investment Advisory Services LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,140 shares of the company’s stock after buying an additional 3,538 shares during the period. First Trust SMID Cap Rising Dividend Archievers ETF accounts for about 1.2% of Summit Investment Advisory Services LLC’s portfolio, making the stock its 15th largest holding. Summit Investment Advisory Services LLC’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $1,840,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 171.9% during the 1st quarter. FMR LLC now owns 968 shares of the company’s stock worth $26,000 after purchasing an additional 612 shares during the last quarter. Blair William & Co. IL boosted its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 276.7% during the 1st quarter. Blair William & Co. IL now owns 1,940 shares of the company’s stock worth $54,000 after purchasing an additional 1,425 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter worth approximately $64,000. DHJJ Financial Advisors Ltd. acquired a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 3rd quarter worth approximately $77,000. Finally, ICA Group Wealth Management LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter worth approximately $104,000.

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

Shares of First Trust SMID Cap Rising Dividend Archievers ETF stock traded up $0.21 on Friday, hitting $34.82. 974,676 shares of the company were exchanged, compared to its average volume of 1,178,123. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 7.66 and a beta of 1.18. The company has a 50-day moving average price of $32.84 and a 200 day moving average price of $30.67. First Trust SMID Cap Rising Dividend Archievers ETF has a 1-year low of $24.70 and a 1-year high of $34.94.

First Trust SMID Cap Rising Dividend Archievers ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were given a $0.1032 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.41 annualized dividend and a yield of 1.19%.

First Trust SMID Cap Rising Dividend Archievers 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.