Pinnacle Wealth Management Advisory Group LLC Has $9.15 Million Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Pinnacle Wealth Management Advisory Group LLC grew its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 9.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 212,206 shares of the company’s stock after acquiring an additional 18,769 shares during the period. Pinnacle Wealth Management Advisory Group LLC owned 0.08% of First Trust SMID Cap Rising Dividend Achievers ETF worth $9,155,000 as of its most recent filing with the SEC.

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

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

NASDAQ:SDVY opened at $42.94 on Wednesday. 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 firm’s 50 day simple moving average is $43.64 and its 200 day simple moving average is $42.12. 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. Investors of record on Thursday, June 25th were issued a $0.0901 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Thursday, June 25th.

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.