Industrial Alliance Investment Management Inc. Invests $93,000 in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Industrial Alliance Investment Management Inc. purchased a new stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,678 shares of the company’s stock, valued at approximately $93,000.

A number of other institutional investors have also made changes to their positions in the business. Harbor Investment Advisory LLC lifted its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 123.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 970 shares of the company’s stock worth $32,000 after acquiring an additional 535 shares during the last quarter. Benjamin Edwards Inc. bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the 1st quarter valued at $32,000. VitalStone Financial LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter valued at $39,000. TD Capital Management LLC increased its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 27.7% during 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 during the last quarter. Finally, Pinnacle Bancorp Inc. increased its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 58.7% during the 1st quarter. Pinnacle Bancorp Inc. now owns 2,568 shares of the company’s stock valued at $89,000 after purchasing an additional 950 shares during the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Up 0.9 %

SDVY traded up $0.34 during trading hours on Wednesday, hitting $36.80. The stock had a trading volume of 959,820 shares, compared to its average volume of 1,086,014. The stock has a market cap of $5.42 billion, a PE ratio of 8.30 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 1 year low of $26.40 and a 1 year high of $36.91. The company’s fifty day simple moving average is $34.03 and its 200 day simple moving average is $33.47.

First Trust SMID Cap Rising Dividend Archievers ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were given a $0.1503 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.63%.

About First Trust SMID Cap Rising Dividend Archievers 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.