Assetmark Inc. Grows Stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Assetmark Inc. boosted its position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 105.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,211 shares of the company’s stock after purchasing an additional 1,646 shares during the period. Assetmark Inc.’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $117,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SDVY. Owen LaRue LLC increased its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 12.7% in the 1st quarter. Owen LaRue LLC now owns 102,973 shares of the company’s stock valued at $3,586,000 after purchasing an additional 11,583 shares in the last quarter. CreativeOne Wealth LLC purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the 1st quarter valued at approximately $471,000. Axxcess Wealth Management LLC purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the first quarter worth $230,000. Kestra Advisory Services LLC increased its position in First Trust SMID Cap Rising Dividend Archievers ETF by 49.4% during the first quarter. Kestra Advisory Services LLC now owns 764,110 shares of the company’s stock worth $26,606,000 after buying an additional 252,523 shares in the last quarter. Finally, Econ Financial Services Corp purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the first quarter worth $373,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

First Trust SMID Cap Rising Dividend Archievers ETF stock opened at $38.09 on Monday. The stock has a fifty day moving average of $36.47 and a two-hundred day moving average of $35.05. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a fifty-two week low of $28.60 and a fifty-two week high of $39.24.

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. This represents a $0.55 annualized dividend and a yield of 1.45%. The ex-dividend date was Thursday, September 26th.

First Trust SMID Cap Rising Dividend Archievers ETF Company 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.