Pinnacle Wealth Management Advisory Group LLC Purchases 18,769 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 9.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 212,206 shares of the company’s stock after purchasing an additional 18,769 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $9,155,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of SDVY. Smartleaf Asset Management LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth about $28,000. Anchor Investment Management LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the first quarter worth approximately $30,000. High Note Wealth LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at approximately $32,000. Orion Capital Management LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 2nd quarter worth approximately $39,000. Finally, Russell Investments Group Ltd. increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 254.2% in the fourth quarter. Russell Investments Group Ltd. now owns 1,151 shares of the company’s stock valued at $44,000 after purchasing an additional 826 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of SDVY opened at $42.94 on Wednesday. The stock has a 50-day moving average of $43.64 and a 200-day moving average of $42.12. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $36.40 and a one year high of $45.11. The company has a market cap of $11.35 billion, a PE ratio of 14.54 and a beta of 1.00.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

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.