Thoroughbred Financial Services LLC Invests $481,000 in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Thoroughbred Financial Services LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,424 shares of the company’s stock, valued at approximately $481,000.

A number of other large investors also recently bought and sold shares of the business. Farmers & Merchants Investments Inc. purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 4th quarter valued at $26,000. National Bank of Canada FI bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the third quarter valued at about $27,000. Grove Bank & Trust purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter valued at about $27,000. Pineridge Advisors LLC raised its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 138.9% in the fourth quarter. Pineridge Advisors LLC now owns 762 shares of the company’s stock worth $27,000 after purchasing an additional 443 shares in the last quarter. Finally, FSC Wealth Advisors LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter valued at about $29,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Down 4.5 %

Shares of First Trust SMID Cap Rising Dividend Archievers ETF stock opened at $30.31 on Monday. The company has a market cap of $7.07 billion, a P/E ratio of 13.43 and a beta of 1.18. The firm’s 50 day moving average price is $35.11 and its 200-day moving average price is $36.46. First Trust SMID Cap Rising Dividend Archievers ETF has a 52-week low of $29.67 and a 52-week high of $40.60.

First Trust SMID Cap Rising Dividend Archievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.1576 dividend. This is a positive change from First Trust SMID Cap Rising Dividend Archievers ETF’s previous quarterly dividend of $0.14. This represents a $0.63 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend was Thursday, March 27th.

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.