Summit Wealth Group LLC Co. Makes New $1.05 Million Investment in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Summit Wealth Group LLC Co. purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 27,321 shares of the company’s stock, valued at approximately $1,047,000.

Other large investors have also recently made changes to their positions in the company. Ameritas Advisory Services LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 38.4% in the fourth quarter. Ameritas Advisory Services LLC now owns 36,004 shares of the company’s stock worth $1,380,000 after buying an additional 9,994 shares during the period. AIFG Consultants Ltd. increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 11.2% in the fourth quarter. AIFG Consultants Ltd. now owns 49,581 shares of the company’s stock worth $1,900,000 after buying an additional 4,977 shares during the period. Atlantic Union Bankshares Corp increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 155.9% in the fourth quarter. Atlantic Union Bankshares Corp now owns 2,462 shares of the company’s stock worth $94,000 after buying an additional 1,500 shares during the period. World Investment Advisors purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at about $586,000. Finally, Objective Capital Management LLC increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 3.9% in the fourth quarter. Objective Capital Management LLC now owns 15,756 shares of the company’s stock valued at $604,000 after acquiring an additional 592 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 0.5%

SDVY stock opened at $41.41 on Wednesday. The firm’s 50-day moving average price is $40.81 and its two-hundred day moving average price is $39.93. First Trust SMID Cap Rising Dividend Achievers ETF has a 12-month low of $33.54 and a 12-month high of $42.89. The stock has a market capitalization of $10.72 billion, a price-to-earnings ratio of 14.54 and a beta of 1.04.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.0976 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 0.9%.

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.