Crumly & Associates Inc. Buys 35,322 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Crumly & Associates Inc. increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 8.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 468,829 shares of the company’s stock after purchasing an additional 35,322 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF comprises about 3.9% of Crumly & Associates Inc.’s portfolio, making the stock its 6th biggest position. Crumly & Associates Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $20,225,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SDVY. CWM LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 7.4% in the fourth quarter. CWM LLC now owns 448,472 shares of the company’s stock valued at $17,185,000 after buying an additional 30,845 shares during the last quarter. Virtus Family Office LLC lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 14.1% in the 4th quarter. Virtus Family Office LLC now owns 106,427 shares of the company’s stock worth $4,078,000 after acquiring an additional 13,183 shares during the period. Pinnacle Associates Ltd. boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% in the fourth quarter. Pinnacle Associates Ltd. now owns 252,704 shares of the company’s stock valued at $9,684,000 after acquiring an additional 19,452 shares in the last quarter. Summit Wealth Group LLC Co. purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at about $1,047,000. Finally, Directional Asset Management acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth about $609,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 0.2%

NASDAQ SDVY opened at $44.60 on Friday. The stock has a market capitalization of $11.79 billion, a P/E ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $36.20 and a 52-week high of $45.11. The firm has a 50-day moving average price of $42.86 and a 200 day moving average price of $41.72.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given 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%.

About First Trust SMID Cap Rising Dividend Achievers ETF

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.