Merit Financial Group LLC Increases Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Merit Financial Group LLC raised its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 14.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,442 shares of the company’s stock after purchasing an additional 12,193 shares during the quarter. Merit Financial Group LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $3,402,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 120.9% in the second quarter. Fifth Third Bancorp now owns 952 shares of the company’s stock valued at $34,000 after purchasing an additional 521 shares during the period. Financial Network Wealth Advisors LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the first quarter valued at approximately $72,000. GAMMA Investing LLC raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 3,250.0% in the first quarter. GAMMA Investing LLC now owns 4,288 shares of the company’s stock valued at $144,000 after purchasing an additional 4,160 shares during the period. Pinnacle Bancorp Inc. raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 14.0% in the second quarter. Pinnacle Bancorp Inc. now owns 4,850 shares of the company’s stock valued at $171,000 after purchasing an additional 595 shares during the period. Finally, Larson Financial Group LLC raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 15.5% in the first quarter. Larson Financial Group LLC now owns 5,728 shares of the company’s stock valued at $192,000 after purchasing an additional 770 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 0.9%

Shares of NASDAQ SDVY opened at $37.61 on Wednesday. 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 business’s 50 day moving average is $37.56 and its two-hundred day moving average is $35.30. The firm has a market cap of $8.87 billion, a price-to-earnings ratio of 14.54 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a dividend of $0.095 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.0%.

About First Trust SMID Cap Rising Dividend Achievers 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.