Continuum Advisory LLC Boosts Position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Continuum Advisory LLC increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 7.5% during the 4th quarter, HoldingsChannel reports. The fund owned 72,511 shares of the company’s stock after acquiring an additional 5,033 shares during the quarter. Continuum Advisory LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $2,600,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SDVY. Farmers & Merchants Investments Inc. acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at about $26,000. Grove Bank & Trust purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at approximately $27,000. Pineridge Advisors LLC lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 138.9% in the fourth quarter. Pineridge Advisors LLC now owns 762 shares of the company’s stock valued at $27,000 after acquiring an additional 443 shares during the last quarter. FSC Wealth Advisors LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth approximately $29,000. Finally, Headlands Technologies LLC grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 307.1% in the fourth quarter. Headlands Technologies LLC now owns 802 shares of the company’s stock worth $29,000 after acquiring an additional 605 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 0.3%

NASDAQ:SDVY opened at $35.11 on Wednesday. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $28.84 and a 52 week high of $40.60. The stock’s fifty day moving average is $32.86 and its two-hundred day moving average is $35.56. The company has a market capitalization of $8.16 billion, a P/E ratio of 13.22 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.1576 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.80%. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, March 27th.

First Trust SMID Cap Rising Dividend Achievers 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.