SSI Investment Management LLC Takes $4.26 Million Position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

SSI Investment Management LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) in the 3rd quarter, HoldingsChannel reports. The firm acquired 117,110 shares of the company’s stock, valued at approximately $4,260,000.

A number of other institutional investors also recently bought and sold shares of SDVY. CreativeOne Wealth LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 1st quarter worth approximately $471,000. Axxcess Wealth Management LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 1st quarter valued at $230,000. Kestra Advisory Services LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 49.4% during the 1st quarter. Kestra Advisory Services LLC now owns 764,110 shares of the company’s stock worth $26,606,000 after purchasing an additional 252,523 shares during the period. Econ Financial Services Corp acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 1st quarter worth about $373,000. Finally, Industrial Alliance Investment Management Inc. acquired a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the first quarter valued at about $93,000.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

Shares of SDVY opened at $38.23 on Thursday. The stock has a market cap of $6.69 billion, a PE ratio of 8.30 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 1-year low of $28.87 and a 1-year high of $39.24. The firm has a 50-day simple moving average of $36.63 and a two-hundred day simple moving average of $35.13.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.1383 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.55 annualized dividend and a dividend yield of 1.45%.

First Trust SMID Cap Rising Dividend Archievers 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.