Bank of New York Mellon Corp Buys 1,067 Shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Bank of New York Mellon Corp raised its stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 15.5% during the 4th quarter, Holdings Channel reports. The fund owned 7,943 shares of the company’s stock after acquiring an additional 1,067 shares during the period. Bank of New York Mellon Corp’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $285,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Pine Valley Investments Ltd Liability Co increased its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 1.3% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 390,347 shares of the company’s stock worth $13,994,000 after purchasing an additional 5,106 shares during the period. Prasad Wealth Partners LLC bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter worth $201,000. Rothschild Investment LLC lifted its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 4,674.0% during the fourth quarter. Rothschild Investment LLC now owns 7,161 shares of the company’s stock worth $257,000 after buying an additional 7,011 shares in the last quarter. IFP Advisors Inc boosted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 39.4% in the fourth quarter. IFP Advisors Inc now owns 91,165 shares of the company’s stock valued at $3,268,000 after acquiring an additional 25,745 shares during the period. Finally, Partners Wealth Management LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter valued at about $938,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

NASDAQ:SDVY opened at $33.39 on Friday. First Trust SMID Cap Rising Dividend Archievers ETF has a 52 week low of $32.22 and a 52 week high of $40.60. The firm’s 50-day simple moving average is $35.62 and its 200 day simple moving average is $36.53. The firm has a market cap of $7.44 billion, a price-to-earnings ratio of 13.43 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.1576 per share. The ex-dividend date of this dividend is Thursday, March 27th. This is a boost 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 dividend yield of 1.89%.

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.