Pitti Group Wealth Management LLC Raises Position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Pitti Group Wealth Management LLC lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 5.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,294 shares of the company’s stock after acquiring an additional 784 shares during the quarter. Pitti Group Wealth Management LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $479,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Farmers & Merchants Investments Inc. purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth about $26,000. Pineridge Advisors LLC grew its position in shares of 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. Headlands Technologies LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 307.1% during the fourth quarter. Headlands Technologies LLC now owns 802 shares of the company’s stock worth $29,000 after buying an additional 605 shares during the period. Park Square Financial Group LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth approximately $31,000. Finally, Mascoma Wealth Management LLC acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at approximately $31,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 1.2%

Shares of First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $34.91 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $28.84 and a 52-week high of $40.60. The company has a market capitalization of $8.11 billion, a P/E ratio of 13.22 and a beta of 1.18. The company has a 50 day moving average of $33.02 and a 200 day moving average of $35.25.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.1576 per share. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14. This represents a $0.63 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Thursday, March 27th.

First Trust SMID Cap Rising Dividend Achievers ETF 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.