Marshall Financial Group LLC Takes $1.28 Million Position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Marshall Financial Group LLC acquired a new position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 36,660 shares of the company’s stock, valued at approximately $1,277,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC grew its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 123.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 970 shares of the company’s stock worth $32,000 after buying an additional 535 shares in the last quarter. VitalStone Financial LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 4th quarter worth about $39,000. TD Capital Management LLC raised its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 27.7% in the 4th quarter. TD Capital Management LLC now owns 2,026 shares of the company’s stock valued at $66,000 after purchasing an additional 439 shares in the last quarter. Pinnacle Bancorp Inc. lifted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 58.7% during the first quarter. Pinnacle Bancorp Inc. now owns 2,568 shares of the company’s stock worth $89,000 after purchasing an additional 950 shares during the last quarter. Finally, CWM LLC acquired a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter worth about $107,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Up 0.1 %

NASDAQ:SDVY traded up $0.03 during trading hours on Thursday, reaching $33.11. 441,196 shares of the stock were exchanged, compared to its average volume of 1,026,661. The stock has a market capitalization of $4.02 billion, a P/E ratio of 8.30 and a beta of 1.18. The firm has a 50 day simple moving average of $33.71 and a 200-day simple moving average of $33.15. First Trust SMID Cap Rising Dividend Archievers ETF has a 52 week low of $26.40 and a 52 week high of $34.97.

First Trust SMID Cap Rising Dividend Archievers ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were paid a dividend of $0.1503 per share. This represents a $0.60 annualized dividend and a yield of 1.82%. The ex-dividend date was Thursday, June 27th.

First Trust SMID Cap Rising Dividend Archievers 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.