Maridea Wealth Management LLC Raises Stock Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Maridea Wealth Management LLC increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 35.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,975 shares of the company’s stock after purchasing an additional 21,057 shares during the period. Maridea Wealth Management LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $3,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth about $25,000. Oakworth Capital Inc. purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at about $25,000. Trust Co. of Vermont acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at about $27,000. Smartleaf Asset Management LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at about $28,000. Finally, EQ Wealth Advisors LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth about $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 0.1%

Shares of SDVY opened at $43.08 on Friday. The company has a market capitalization of $11.15 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 52 week low of $35.03 and a 52 week high of $43.44. The stock’s 50-day moving average price is $41.84 and its 200-day moving average price is $40.84.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be given a $0.0901 dividend. This represents a $0.36 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, June 25th.

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.