Covenant Asset Management LLC Makes New $215,000 Investment in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Covenant Asset Management LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,900 shares of the company’s stock, valued at approximately $215,000.

Several other hedge funds have also recently modified their holdings of the stock. Avidian Wealth Enterprises LLC raised its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 2.0% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 15,054 shares of the company’s stock worth $548,000 after acquiring an additional 295 shares during the last quarter. Legacy Capital Group California Inc. raised its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 0.8% in the third quarter. Legacy Capital Group California Inc. now owns 45,225 shares of the company’s stock worth $1,645,000 after purchasing an additional 343 shares during the last quarter. Second Half Financial Partners LLC lifted its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 3.9% during the third quarter. Second Half Financial Partners LLC now owns 9,740 shares of the company’s stock worth $354,000 after purchasing an additional 365 shares during the period. CX Institutional boosted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 0.4% in the third quarter. CX Institutional now owns 94,576 shares of the company’s stock valued at $3,441,000 after buying an additional 383 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 1.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 36,085 shares of the company’s stock worth $1,205,000 after buying an additional 417 shares during the period.

First Trust SMID Cap Rising Dividend Archievers ETF Trading Up 1.8 %

Shares of NASDAQ SDVY opened at $38.91 on Friday. The company has a 50 day simple moving average of $36.81 and a two-hundred day simple moving average of $35.18. The stock has a market cap of $6.81 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 12 month low of $28.87 and a 12 month high of $39.24.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.1383 dividend. This represents a $0.55 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Thursday, September 26th.

About First Trust SMID Cap Rising Dividend Archievers 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.