Parr Mcknight Wealth Management Group LLC Invests $274,000 in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Parr Mcknight Wealth Management Group LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 7,646 shares of the company’s stock, valued at approximately $274,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Breakthru Advisory Services LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth about $7,895,000. Sunbelt Securities Inc. purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth about $55,000. Stonebridge Financial Planning Group LLC grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 31.2% in the fourth quarter. Stonebridge Financial Planning Group LLC now owns 49,932 shares of the company’s stock worth $1,790,000 after acquiring an additional 11,871 shares in the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth about $208,000. Finally, Continuum Advisory LLC grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 7.5% in the fourth quarter. Continuum Advisory LLC now owns 72,511 shares of the company’s stock worth $2,600,000 after acquiring an additional 5,033 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 0.4%

SDVY opened at $34.00 on Friday. The firm has a market cap of $7.90 billion, a P/E ratio of 13.22 and a beta of 1.18. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $28.84 and a 12 month high of $40.60. The stock has a 50-day moving average of $32.90 and a 200 day moving average of $35.52.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.1576 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Thursday, March 27th. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14.

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.