Acorn Wealth Advisors LLC Makes New $219,000 Investment in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Acorn Wealth Advisors LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,031 shares of the company’s stock, valued at approximately $219,000.

Several other institutional investors also recently made changes to their positions in the stock. Industrial Alliance Investment Management Inc. bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the 1st quarter worth about $93,000. Coppell Advisory Solutions Corp. bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the 1st quarter valued at $575,000. Comerica Bank boosted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 65.0% during the 1st quarter. Comerica Bank now owns 65,468 shares of the company’s stock worth $2,280,000 after acquiring an additional 25,793 shares during the period. Independent Wealth Network Inc. bought a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the first quarter worth $405,000. Finally, Atria Investments Inc bought a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the first quarter worth $8,108,000.

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

Shares of NASDAQ SDVY opened at $40.33 on Tuesday. The stock has a market cap of $7.06 billion, a P/E ratio of 8.30 and a beta of 1.18. The firm’s 50-day simple moving average is $37.00 and its 200 day simple moving average is $35.28. First Trust SMID Cap Rising Dividend Archievers ETF has a fifty-two week low of $28.92 and a fifty-two week high of $40.60.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders 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 dividend yield of 1.37%.

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.