Stonehaven Wealth & Tax Solutions LLC Takes $3.88 Million Position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Stonehaven Wealth & Tax Solutions LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 108,334 shares of the company’s stock, valued at approximately $3,884,000. First Trust SMID Cap Rising Dividend Achievers ETF accounts for 4.2% of Stonehaven Wealth & Tax Solutions LLC’s holdings, making the stock its 4th biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at $26,000. National Bank of Canada FI acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 3rd quarter valued at about $27,000. Grove Bank & Trust purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth about $27,000. Pineridge Advisors LLC increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 138.9% during the 4th 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 position in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at approximately $29,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 0.1 %

SDVY opened at $31.48 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 company has a 50 day moving average of $33.94 and a two-hundred day moving average of $36.12. The company has a market cap of $7.35 billion, a P/E ratio of 13.43 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared 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 yield of 2.00%. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14. The ex-dividend date 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.