Crumly & Associates Inc. Purchases 105,507 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Crumly & Associates Inc. boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 22.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 574,336 shares of the company’s stock after purchasing an additional 105,507 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF comprises 4.1% of Crumly & Associates Inc.’s investment portfolio, making the stock its 5th biggest position. Crumly & Associates Inc. owned 0.22% of First Trust SMID Cap Rising Dividend Achievers ETF worth $23,307,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Elevation Point Wealth Partners LLC raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 14,172.1% during the first quarter. Elevation Point Wealth Partners LLC now owns 1,039,862 shares of the company’s stock worth $41,002,000 after acquiring an additional 1,032,576 shares during the last quarter. Decker Wealth Management LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the first quarter valued at approximately $24,789,000. Arkadios Wealth Advisors grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 191.4% during the 1st quarter. Arkadios Wealth Advisors now owns 861,728 shares of the company’s stock valued at $33,978,000 after acquiring an additional 566,039 shares during the period. Bank of America Corp DE lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.3% during the 1st quarter. Bank of America Corp DE now owns 9,463,585 shares of the company’s stock valued at $373,149,000 after buying an additional 564,137 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 92.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,122,947 shares of the company’s stock valued at $43,031,000 after buying an additional 538,692 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

NASDAQ:SDVY traded down $0.63 during trading hours on Wednesday, hitting $40.89. The stock had a trading volume of 584,581 shares, compared to its average volume of 1,292,822. The firm has a market capitalization of $10.88 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 one year low of $36.40 and a one year high of $45.11. The company has a 50 day simple moving average of $43.03 and a two-hundred day simple moving average of $42.21.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a $0.1002 dividend. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.0%.

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.