Moors & Cabot Inc. Purchases 10,197 Shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Moors & Cabot Inc. raised its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 20.1% in the third quarter, HoldingsChannel reports. The firm owned 61,011 shares of the company’s stock after acquiring an additional 10,197 shares during the period. Moors & Cabot Inc.’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $2,220,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. CreativeOne Wealth LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 1st quarter worth approximately $471,000. Axxcess Wealth Management LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 1st quarter worth approximately $230,000. Kestra Advisory Services LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 49.4% in 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 purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 1st quarter worth approximately $373,000. Finally, Industrial Alliance Investment Management Inc. purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 1st quarter worth approximately $93,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

Shares of SDVY opened at $38.23 on Thursday. The company has a 50 day moving average price of $36.63 and a 200-day moving average price of $35.13. First Trust SMID Cap Rising Dividend Archievers ETF has a fifty-two week low of $28.87 and a fifty-two week high of $39.24. The stock has a market capitalization of $6.69 billion, a PE ratio of 8.30 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

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

First Trust SMID Cap Rising Dividend Archievers 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.