Mach 1 Financial Group LLC Has $4.22 Million Stock Position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Mach 1 Financial Group LLC lifted its holdings in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 761.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 128,889 shares of the company’s stock after acquiring an additional 113,926 shares during the period. First Trust SMID Cap Rising Dividend Archievers ETF makes up approximately 1.6% of Mach 1 Financial Group LLC’s investment portfolio, making the stock its 13th largest position. Mach 1 Financial Group LLC owned about 0.15% of First Trust SMID Cap Rising Dividend Archievers ETF worth $4,224,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of SDVY. Harbor Investment Advisory LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 123.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 970 shares of the company’s stock valued at $32,000 after acquiring an additional 535 shares during the period. CWM LLC bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter valued at approximately $107,000. DHJJ Financial Advisors Ltd. increased its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 111.2% in the fourth quarter. DHJJ Financial Advisors Ltd. now owns 5,743 shares of the company’s stock valued at $188,000 after acquiring an additional 3,024 shares during the last quarter. Salem Investment Counselors Inc. acquired a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter valued at approximately $190,000. Finally, Waterfront Wealth Inc. bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter worth $214,000.

First Trust SMID Cap Rising Dividend Archievers ETF Trading Down 2.2 %

NASDAQ SDVY traded down $0.73 during trading on Tuesday, hitting $32.77. 819,125 shares of the company’s stock were exchanged, compared to its average volume of 1,101,873. The company has a market cap of $3.96 billion, a PE ratio of 7.97 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. The stock’s 50 day moving average price is $33.41 and its two-hundred day moving average price is $31.56.

First Trust SMID Cap Rising Dividend Archievers ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were given 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 yield of 1.26%.

First Trust SMID Cap Rising Dividend Archievers ETF 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.