Objective Capital Management LLC Takes Position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Objective Capital Management LLC bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,475 shares of the company’s stock, valued at approximately $454,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Hazlett Burt & Watson Inc. bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 2nd quarter valued at approximately $28,000. Strategic Financial Concepts LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 2nd quarter valued at approximately $28,000. EverSource Wealth Advisors LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 1st quarter valued at approximately $34,000. Mather Group LLC. bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 2nd quarter valued at approximately $35,000. Finally, ORG Partners LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 3rd quarter valued at approximately $73,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

Shares of First Trust SMID Cap Rising Dividend Archievers ETF stock traded up $0.08 during midday trading on Friday, hitting $38.60. 2,097,640 shares of the company traded hands, compared to its average volume of 1,125,654. The stock has a market cap of $6.76 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18. The firm’s fifty day moving average price is $36.10 and its 200-day moving average price is $34.86. First Trust SMID Cap Rising Dividend Archievers ETF has a 12 month low of $27.26 and a 12 month high of $39.03.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.1383 per share. This represents a $0.55 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Thursday, September 26th.

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.