Stonehaven Wealth & Tax Solutions LLC Buys Shares of 108,334 First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Stonehaven Wealth & Tax Solutions LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 108,334 shares of the company’s stock, valued at approximately $3,884,000. First Trust SMID Cap Rising Dividend Achievers ETF makes up approximately 4.2% of Stonehaven Wealth & Tax Solutions LLC’s portfolio, making the stock its 4th biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Farmers & Merchants Investments Inc. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at approximately $26,000. National Bank of Canada FI purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 3rd quarter valued at approximately $27,000. Grove Bank & Trust acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at $27,000. Pineridge Advisors LLC increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 138.9% during the fourth quarter. Pineridge Advisors LLC now owns 762 shares of the company’s stock worth $27,000 after buying an additional 443 shares in the last quarter. Finally, FSC Wealth Advisors LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth $29,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 0.1 %

SDVY opened at $31.48 on Wednesday. The firm has a market cap of $7.35 billion, a P/E ratio of 13.43 and a beta of 1.18. The business’s fifty day simple moving average is $33.94 and its 200 day simple moving average is $36.12. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $28.84 and a 52 week high of $40.60.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.1576 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 2.00%. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 27th.

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.