Stone Wealth Partners Purchases New Shares in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Stone Wealth Partners purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 64,383 shares of the company’s stock, valued at approximately $2,467,000. First Trust SMID Cap Rising Dividend Achievers ETF makes up 2.2% of Stone Wealth Partners’ investment portfolio, making the stock its 14th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of SDVY. Capital Advantage Inc. raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 40.5% during the fourth quarter. Capital Advantage Inc. now owns 77,232 shares of the company’s stock valued at $2,960,000 after buying an additional 22,276 shares during the period. Econ Financial Services Corp boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 26.1% during the 4th 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. Pinnacle Associates Ltd. boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 39.8% during the 3rd quarter. Pinnacle Associates Ltd. now owns 233,252 shares of the company’s stock worth $8,868,000 after acquiring an additional 66,370 shares during the period. CWM LLC boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 7.4% during the 4th quarter. CWM LLC now owns 448,472 shares of the company’s stock worth $17,185,000 after acquiring an additional 30,845 shares during the period. Finally, Arvest Investments Inc. grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 10.7% during the 4th quarter. Arvest Investments Inc. now owns 263,558 shares of the company’s stock valued at $10,100,000 after acquiring an additional 25,490 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of SDVY opened at $42.22 on Friday. The company has a market capitalization of $10.93 billion, a price-to-earnings 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 $34.21 and a fifty-two week high of $42.90. The business’s 50-day moving average is $41.71 and its 200-day moving average is $40.68.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

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.