ERn Financial LLC Invests $261,000 in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

ERn Financial LLC acquired a new position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) during the third quarter, Holdings Channel.com reports. The firm acquired 7,174 shares of the company’s stock, valued at approximately $261,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC grew its position in First Trust SMID Cap Rising Dividend Archievers ETF by 15.9% during the 2nd quarter. LPL Financial LLC now owns 15,358,397 shares of the company’s stock worth $512,663,000 after purchasing an additional 2,105,789 shares during the period. Raymond James & Associates grew its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 7.8% during the second quarter. Raymond James & Associates now owns 3,565,684 shares of the company’s stock worth $119,023,000 after acquiring an additional 258,459 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in First Trust SMID Cap Rising Dividend Archievers ETF by 34.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 3,266,343 shares of the company’s stock valued at $109,031,000 after acquiring an additional 835,904 shares in the last quarter. Capital Investment Advisors LLC lifted its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 38,705.4% in the second quarter. Capital Investment Advisors LLC now owns 3,007,808 shares of the company’s stock valued at $100,401,000 after acquiring an additional 3,000,057 shares during the period. Finally, LVZ Inc. boosted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 0.8% in the 2nd quarter. LVZ Inc. now owns 2,716,224 shares of the company’s stock worth $90,668,000 after purchasing an additional 22,837 shares in the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

SDVY opened at $37.29 on Thursday. The firm has a fifty day moving average price of $35.45 and a 200 day moving average price of $34.47. First Trust SMID Cap Rising Dividend Archievers ETF has a 1 year low of $26.40 and a 1 year high of $37.46. The stock has a market cap of $6.33 billion, a P/E ratio of 8.30 and a beta of 1.18.

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. Shareholders 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 dividend on an annualized basis and a yield of 1.48%.

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.