Summit Wealth Partners LLC Has $2.07 Million Holdings in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Summit Wealth Partners LLC increased its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 50.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 61,919 shares of the company’s stock after acquiring an additional 20,819 shares during the period. Summit Wealth Partners LLC’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $2,067,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Investment Partners LTD. boosted its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 1.5% during the 1st quarter. Investment Partners LTD. now owns 21,271 shares of the company’s stock worth $741,000 after buying an additional 315 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 1.2% in the second quarter. Thrivent Financial for Lutherans now owns 36,085 shares of the company’s stock valued at $1,205,000 after purchasing an additional 417 shares in the last quarter. World Equity Group Inc. increased its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 0.4% during the 2nd quarter. World Equity Group Inc. now owns 108,498 shares of the company’s stock worth $3,622,000 after purchasing an additional 423 shares during the last quarter. Private Client Services LLC raised its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 6.6% during the 2nd quarter. Private Client Services LLC now owns 6,929 shares of the company’s stock worth $231,000 after purchasing an additional 426 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 1.0% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 42,967 shares of the company’s stock worth $1,434,000 after purchasing an additional 431 shares in the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Trading Down 1.2 %

Shares of SDVY opened at $35.96 on Wednesday. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18. The company’s fifty day simple moving average is $35.15 and its 200 day simple moving average is $34.29. First Trust SMID Cap Rising Dividend Archievers ETF has a 1-year low of $26.40 and a 1-year high of $37.25.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.1383 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Thursday, September 26th.

First Trust SMID Cap Rising Dividend Archievers 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.