Pinnacle Associates Ltd. Boosts Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Pinnacle Associates Ltd. lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 252,704 shares of the company’s stock after acquiring an additional 19,452 shares during the period. Pinnacle Associates Ltd. owned 0.10% of First Trust SMID Cap Rising Dividend Achievers ETF worth $9,684,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Bank of Jackson Hole Trust purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 3rd quarter worth about $25,000. Eagle Bay Advisors LLC acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth approximately $25,000. Oakworth Capital Inc. acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth approximately $25,000. Trust Co. of Vermont purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at approximately $27,000. Finally, EQ Wealth Advisors LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at approximately $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 0.5%

Shares of First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $41.32 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $33.54 and a twelve month high of $42.89. The stock has a market cap of $10.70 billion, a price-to-earnings ratio of 14.54 and a beta of 1.04. The company has a fifty day moving average price of $40.79 and a 200 day moving average price of $39.97.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.0976 per share. This represents a $0.39 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 26th.

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.