Everest Financial Group LLC Makes New Investment in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Everest Financial Group LLC acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 38,150 shares of the company’s stock, valued at approximately $1,504,000.

A number of other hedge funds have also modified their holdings of SDVY. Econ Financial Services Corp grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 26.1% in the fourth quarter. Econ Financial Services Corp now owns 179,719 shares of the company’s stock worth $6,887,000 after acquiring an additional 37,184 shares during the period. CWM LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 7.4% during the fourth quarter. CWM LLC now owns 448,472 shares of the company’s stock worth $17,185,000 after buying an additional 30,845 shares during the period. Arvest Investments Inc. boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 10.7% during the fourth quarter. Arvest Investments Inc. now owns 263,558 shares of the company’s stock worth $10,100,000 after buying an additional 25,490 shares during the period. Virtus Family Office LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 14.1% in the fourth quarter. Virtus Family Office LLC now owns 106,427 shares of the company’s stock valued at $4,078,000 after buying an additional 13,183 shares in the last quarter. Finally, BAM Wealth Management LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 193.3% in the fourth quarter. BAM Wealth Management LLC now owns 39,606 shares of the company’s stock valued at $1,518,000 after buying an additional 26,101 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 1.1%

SDVY stock opened at $43.28 on Friday. The business’s fifty day moving average price is $42.30 and its 200 day moving average price is $41.42. First Trust SMID Cap Rising Dividend Achievers ETF has a 12-month low of $35.03 and a 12-month high of $43.82. The company has a market capitalization of $11.44 billion, a PE ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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