First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Stock Position Lifted by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 10.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 193,437 shares of the company’s stock after purchasing an additional 17,692 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $7,627,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SDVY. Independent Wealth Network Inc. grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 1.7% in the 1st quarter. Independent Wealth Network Inc. now owns 18,298 shares of the company’s stock valued at $721,000 after buying an additional 301 shares in the last quarter. Dagco Inc. raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 11.6% during the 1st quarter. Dagco Inc. now owns 413,183 shares of the company’s stock worth $16,292,000 after buying an additional 42,999 shares in the last quarter. RFG Advisory LLC raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 15.7% during the 1st quarter. RFG Advisory LLC now owns 300,293 shares of the company’s stock worth $11,841,000 after buying an additional 40,647 shares in the last quarter. Centennial Wealth Advisory LLC lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 16.9% in the 1st quarter. Centennial Wealth Advisory LLC now owns 28,066 shares of the company’s stock worth $1,107,000 after acquiring an additional 4,062 shares during the period. Finally, PMG Wealth Management Inc. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 1st quarter worth approximately $2,773,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $43.08 on Friday. The firm has a 50 day simple moving average of $41.84 and a 200-day simple moving average of $40.84. The stock has a market capitalization of $11.15 billion, a PE ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a 12-month low of $35.03 and a 12-month high of $43.44.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be given a $0.0901 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, June 25th.

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.