Elios Financial Group Inc. Sells 3,359 Shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Elios Financial Group Inc. trimmed its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 3.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 104,123 shares of the company’s stock after selling 3,359 shares during the period. First Trust SMID Cap Rising Dividend Archievers ETF makes up approximately 1.8% of Elios Financial Group Inc.’s holdings, making the stock its 16th largest position. Elios Financial Group Inc.’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $3,733,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 4th quarter worth about $26,000. National Bank of Canada FI purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the third quarter worth about $27,000. Grove Bank & Trust bought a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter worth approximately $27,000. Pineridge Advisors LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 138.9% during the fourth quarter. Pineridge Advisors LLC now owns 762 shares of the company’s stock valued at $27,000 after buying an additional 443 shares during 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 approximately $29,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Down 3.8 %

Shares of NASDAQ SDVY opened at $30.74 on Friday. The firm has a market cap of $7.18 billion, a P/E ratio of 13.43 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a twelve month low of $28.84 and a twelve month high of $40.60. The company has a 50 day moving average of $34.29 and a 200 day moving average of $36.22.

First Trust SMID Cap Rising Dividend Archievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a $0.1576 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.63 annualized dividend and a dividend yield of 2.05%. This is a boost from First Trust SMID Cap Rising Dividend Archievers ETF’s previous quarterly dividend of $0.14.

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.