AIFG Consultants Ltd. Makes New Investment in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

AIFG Consultants Ltd. purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 174,645 shares of the company’s stock, valued at approximately $5,723,000. First Trust SMID Cap Rising Dividend Archievers ETF accounts for about 4.4% of AIFG Consultants Ltd.’s portfolio, making the stock its 10th biggest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Western Wealth Management LLC lifted its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 78.1% in the 4th quarter. Western Wealth Management LLC now owns 317,507 shares of the company’s stock valued at $10,405,000 after acquiring an additional 139,214 shares during the last quarter. Waterfront Wealth Inc. bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 4th quarter valued at about $214,000. Ergawealth Advisors Inc. raised its position in First Trust SMID Cap Rising Dividend Archievers ETF by 7.6% during the 4th quarter. Ergawealth Advisors Inc. now owns 279,397 shares of the company’s stock valued at $9,156,000 after purchasing an additional 19,628 shares during the last quarter. PCG Wealth Advisors LLC raised its position in First Trust SMID Cap Rising Dividend Archievers ETF by 15.9% during the 4th quarter. PCG Wealth Advisors LLC now owns 60,576 shares of the company’s stock valued at $1,985,000 after purchasing an additional 8,300 shares during the last quarter. Finally, Root Financial Partners LLC raised its position in First Trust SMID Cap Rising Dividend Archievers ETF by 6.4% during the 4th quarter. Root Financial Partners LLC now owns 44,919 shares of the company’s stock valued at $1,472,000 after purchasing an additional 2,699 shares during the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

SDVY remained flat at $32.33 during midday trading on Thursday. The company’s stock had a trading volume of 924,584 shares, compared to its average volume of 1,128,668. The firm has a 50 day moving average price of $33.28 and a two-hundred day moving average price of $31.20. The company has a market cap of $3.81 billion, a PE ratio of 7.92 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a fifty-two week low of $24.70 and a fifty-two week high of $34.96.

First Trust SMID Cap Rising Dividend Archievers ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were issued a dividend of $0.1032 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.28%.

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.