Spartan Wealth Advisory Services LLC Invests $2.21 Million in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Spartan Wealth Advisory Services LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 55,959 shares of the company’s stock, valued at approximately $2,206,000.

Other institutional investors have also recently made changes to their positions in the company. Eagle Bay Advisors LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth about $25,000. Oakworth Capital Inc. purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at about $25,000. Trust Co. of Vermont bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at about $27,000. Smartleaf Asset Management LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at about $28,000. Finally, Anchor Investment Management LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 1st quarter worth approximately $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

NASDAQ SDVY opened at $43.39 on Friday. The firm’s 50 day moving average price is $42.12 and its 200-day moving average price is $41.27. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $35.03 and a 52-week high of $43.82. The company has a market cap of $11.45 billion, a PE ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.0901 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%.

First Trust SMID Cap Rising Dividend Achievers 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.