Cornerstone Wealth LLC TN Invests $1.35 Million in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Cornerstone Wealth LLC TN acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 31,919 shares of the company’s stock, valued at approximately $1,347,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Focus Partners Wealth grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 41.2% in the 1st quarter. Focus Partners Wealth now owns 43,712 shares of the company’s stock worth $1,464,000 after buying an additional 12,748 shares in the last quarter. Creative Planning raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 31.9% during the 2nd quarter. Creative Planning now owns 9,390 shares of the company’s stock valued at $331,000 after buying an additional 2,270 shares in the last quarter. Brown Advisory Inc. lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.6% during the 2nd quarter. Brown Advisory Inc. now owns 14,098 shares of the company’s stock worth $497,000 after acquiring an additional 621 shares during the last quarter. Cerity Partners LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 2nd quarter worth $1,897,000. Finally, Qube Research & Technologies Ltd grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 189.9% in the second quarter. Qube Research & Technologies Ltd now owns 368,711 shares of the company’s stock worth $13,008,000 after acquiring an additional 241,547 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 1.1%

SDVY opened at $43.66 on Thursday. The stock has a market cap of $11.53 billion, a PE ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $35.03 and a 52 week high of $44.19. The business’s fifty day simple moving average is $42.47 and its 200 day simple moving average is $41.52.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.0901 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, June 25th.

First Trust SMID Cap Rising Dividend Achievers 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.