Compass Financial Management LLC Makes New $2.43 Million Investment in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Compass Financial Management LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 56,189 shares of the company’s stock, valued at approximately $2,426,000.

Several other institutional investors and hedge funds have also made changes to their positions in SDVY. Oakworth Capital Inc. purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at $25,000. Smartleaf Asset Management LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth $28,000. EQ Wealth Advisors LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth $30,000. Anchor Investment Management LLC acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 1st quarter worth about $30,000. Finally, High Note Wealth LLC acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth about $32,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $43.87 on Friday. The business’s 50-day simple moving average is $43.43 and its two-hundred day simple moving average is $41.98. The company has a market cap of $11.59 billion, a PE ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $36.40 and a fifty-two week high of $45.11.

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 paid a $0.0901 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, June 25th.

About First Trust SMID Cap Rising Dividend Achievers ETF

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.