Triton Wealth Management PLLC Makes New $237,000 Investment in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Triton Wealth Management PLLC bought a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,594 shares of the company’s stock, valued at approximately $237,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SDVY. Hazlett Burt & Watson Inc. bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the second quarter worth about $28,000. Strategic Financial Concepts LLC bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the second quarter worth about $28,000. Benjamin Edwards Inc. bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the first quarter worth about $32,000. EverSource Wealth Advisors LLC bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the first quarter worth about $34,000. Finally, Mather Group LLC. bought a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the second quarter valued at approximately $35,000.

First Trust SMID Cap Rising Dividend Archievers ETF Trading Up 1.3 %

Shares of SDVY stock traded up $0.47 during trading hours on Friday, reaching $36.40. The stock had a trading volume of 1,179,891 shares, compared to its average volume of 1,117,820. The stock’s fifty day simple moving average is $35.17 and its 200 day simple moving average is $34.34. The firm has a market capitalization of $6.12 billion, a PE ratio of 8.30 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 12 month low of $26.40 and a 12 month high of $37.25.

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. Stockholders of record on Thursday, September 26th were given a $0.1383 dividend. 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 1.52%.

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.