Milestone Asset Management LLC Buys New Stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Milestone Asset Management LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) in the second quarter, Holdings Channel reports. The fund purchased 14,040 shares of the company’s stock, valued at approximately $469,000.

Several other institutional investors and hedge funds also recently modified their holdings of SDVY. Investment Partners LTD. lifted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 1.5% in the first quarter. Investment Partners LTD. now owns 21,271 shares of the company’s stock worth $741,000 after purchasing an additional 315 shares during the period. World Equity Group Inc. boosted its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 0.4% during the second quarter. World Equity Group Inc. now owns 108,498 shares of the company’s stock valued at $3,622,000 after buying an additional 423 shares in the last quarter. TD Capital Management LLC grew its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 27.7% during the fourth quarter. TD Capital Management LLC now owns 2,026 shares of the company’s stock worth $66,000 after acquiring an additional 439 shares during the period. Hilltop Holdings Inc. raised its position in First Trust SMID Cap Rising Dividend Archievers ETF by 0.6% in the fourth quarter. Hilltop Holdings Inc. now owns 71,898 shares of the company’s stock worth $2,356,000 after acquiring an additional 444 shares in the last quarter. Finally, Pitti Group Wealth Management LLC lifted its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 6.6% in the 1st quarter. Pitti Group Wealth Management LLC now owns 8,430 shares of the company’s stock valued at $283,000 after acquiring an additional 525 shares during the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

Shares of SDVY opened at $35.00 on Tuesday. The firm’s 50 day moving average is $34.15 and its 200-day moving average is $33.69. First Trust SMID Cap Rising Dividend Archievers ETF has a 12-month low of $26.40 and a 12-month high of $37.25. The stock has a market capitalization of $5.25 billion, a P/E ratio of 8.30 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were given a $0.1503 dividend. The ex-dividend date was Thursday, June 27th. This represents a $0.60 annualized dividend and a yield of 1.72%.

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.