First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Shares Purchased by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 27.9% during the second quarter, Holdings Channel.com reports. The firm owned 114,297 shares of the company’s stock after purchasing an additional 24,950 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $4,032,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of SDVY. Moloney Securities Asset Management LLC lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 10,260 shares of the company’s stock valued at $362,000 after buying an additional 291 shares during the period. Farther Finance Advisors LLC raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 1.2% in the second quarter. Farther Finance Advisors LLC now owns 28,969 shares of the company’s stock worth $1,022,000 after acquiring an additional 333 shares in the last quarter. Ameritas Advisory Services LLC lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 0.8% in the second quarter. Ameritas Advisory Services LLC now owns 41,112 shares of the company’s stock valued at $1,450,000 after acquiring an additional 335 shares during the period. Purus Wealth Management LLC lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 0.7% in the first quarter. Purus Wealth Management LLC now owns 51,922 shares of the company’s stock valued at $1,739,000 after acquiring an additional 355 shares during the period. Finally, Clear Creek Financial Management LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.4% during the 2nd quarter. Clear Creek Financial Management LLC now owns 28,224 shares of the company’s stock worth $996,000 after purchasing an additional 391 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 1.0%

NASDAQ:SDVY opened at $37.74 on Friday. The firm’s fifty day simple moving average is $37.78 and its 200-day simple moving average is $36.20. The stock has a market cap of $9.07 billion, a PE ratio of 14.54 and a beta of 1.12. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $28.84 and a fifty-two week high of $40.60.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

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.