Manchester Financial Inc. Has $741,000 Stock Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Manchester Financial Inc. grew its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 239.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,333 shares of the company’s stock after buying an additional 13,630 shares during the period. Manchester Financial Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $741,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Keel Point LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.8% in the 4th quarter. Keel Point LLC now owns 53,856 shares of the company’s stock valued at $2,064,000 after buying an additional 968 shares during the period. Premier Private Wealth Management LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at $680,000. Gateway Wealth Partners LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.5% in the 4th quarter. Gateway Wealth Partners LLC now owns 146,948 shares of the company’s stock valued at $5,631,000 after buying an additional 8,995 shares during the period. Gilpin Wealth Management LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at $519,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 11.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 837,305 shares of the company’s stock valued at $32,086,000 after buying an additional 88,761 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

NASDAQ SDVY opened at $41.98 on Friday. The stock has a fifty day moving average of $41.46 and a 200-day moving average of $40.53. The stock has a market capitalization of $10.87 billion, a P/E ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $34.19 and a 52 week high of $42.89.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

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.