Stone Wealth Partners Makes New $2.47 Million Investment in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Stone Wealth Partners acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 64,383 shares of the company’s stock, valued at approximately $2,467,000. First Trust SMID Cap Rising Dividend Achievers ETF makes up 2.2% of Stone Wealth Partners’ holdings, making the stock its 14th largest holding.

Several other institutional investors have also modified their holdings of SDVY. Eagle Bay Advisors LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at about $25,000. Oakworth Capital Inc. bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth approximately $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 worth approximately $27,000. Smartleaf Asset Management LLC acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at approximately $28,000. Finally, EQ Wealth Advisors LLC acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at approximately $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:SDVY opened at $42.22 on Friday. The stock has a market capitalization of $10.93 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 1-year low of $34.21 and a 1-year high of $42.90. The company has a 50 day moving average price of $41.71 and a 200 day moving average price of $40.68.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed 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 was Thursday, March 26th.

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.