Merit Financial Group LLC Purchases New Shares in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Merit Financial Group LLC acquired a new position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) during the fourth quarter, Holdings Channel.com reports. The firm acquired 69,085 shares of the company’s stock, valued at approximately $2,477,000.

Other institutional investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the third quarter worth about $27,000. Icon Wealth Advisors LLC purchased a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the 3rd quarter worth approximately $30,000. ORG Partners LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 3rd quarter valued at approximately $73,000. Wolff Wiese Magana LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 4th quarter valued at approximately $72,000. Finally, Assetmark Inc. boosted its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 105.2% during the 3rd quarter. Assetmark Inc. now owns 3,211 shares of the company’s stock valued at $117,000 after buying an additional 1,646 shares during the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Trading Up 0.2 %

Shares of NASDAQ:SDVY opened at $37.50 on Monday. First Trust SMID Cap Rising Dividend Archievers ETF has a 12-month low of $31.16 and a 12-month high of $40.60. The firm has a market cap of $8.09 billion, a PE ratio of 8.30 and a beta of 1.18. The company has a fifty day simple moving average of $37.61 and a 200 day simple moving average of $36.25.

First Trust SMID Cap Rising Dividend Archievers ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.1821 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.