IMG Wealth Management Inc. Buys 38,359 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

IMG Wealth Management Inc. increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 26.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 183,476 shares of the company’s stock after purchasing an additional 38,359 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF makes up 4.2% of IMG Wealth Management Inc.’s investment portfolio, making the stock its 8th largest holding. IMG Wealth Management Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $7,445,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Maryland Capital Advisors Inc. purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the third quarter worth approximately $28,000. Anchor Investment Management LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 1st quarter worth approximately $30,000. Orion Capital Management LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 2nd quarter valued at $39,000. Olistico Wealth LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the third quarter valued at $41,000. Finally, Parkside Financial Bank & Trust bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 2nd quarter worth approximately $51,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $42.07 on Wednesday. The stock’s fifty day moving average is $42.22 and its 200 day moving average is $41.88. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $36.40 and a one year high of $45.11. The stock has a market cap of $11.10 billion, a P/E ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a dividend of $0.1002 per share. The ex-dividend date was Thursday, September 24th. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901. This represents a $0.40 annualized dividend 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.