Mach 1 Financial Group LLC Acquires Shares of 286,966 First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Mach 1 Financial Group LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 286,966 shares of the company’s stock, valued at approximately $10,997,000. First Trust SMID Cap Rising Dividend Achievers ETF comprises 2.3% of Mach 1 Financial Group LLC’s holdings, making the stock its 10th biggest holding.

A number of other large investors have also added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 1.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 15,085 shares of the company’s stock valued at $578,000 after buying an additional 251 shares during the last quarter. Keystone Financial Services LLC raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 1.3% during the fourth quarter. Keystone Financial Services LLC now owns 19,815 shares of the company’s stock valued at $759,000 after buying an additional 252 shares during the last quarter. Fortis Group Advisors LLC raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 3.3% during the fourth quarter. Fortis Group Advisors LLC now owns 8,422 shares of the company’s stock valued at $340,000 after buying an additional 272 shares during the last quarter. Marino Stram & Associates LLC raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 4.0% during the fourth quarter. Marino Stram & Associates LLC now owns 7,306 shares of the company’s stock valued at $280,000 after buying an additional 284 shares during the last quarter. Finally, Cary Street Partners Financial LLC raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 1.4% during the third quarter. Cary Street Partners Financial LLC now owns 22,510 shares of the company’s stock valued at $856,000 after buying an additional 300 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 1.6%

Shares of NASDAQ:SDVY opened at $41.28 on Thursday. The stock has a fifty day simple moving average of $40.80 and a two-hundred day simple moving average of $40.07. The stock has a market capitalization of $10.69 billion, a price-to-earnings ratio of 14.54 and a beta of 1.04. First Trust SMID Cap Rising Dividend Achievers ETF has a 12-month low of $33.54 and a 12-month high of $42.89.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.0976 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.39 annualized dividend and a dividend yield of 0.9%.

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.