O Shaughnessy Asset Management LLC Makes New Investment in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

O Shaughnessy Asset Management LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 1,222 shares of the company’s stock, valued at approximately $44,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farmers & Merchants Investments Inc. bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at $26,000. National Bank of Canada FI purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the third quarter valued at about $27,000. Grove Bank & Trust bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth about $27,000. Pineridge Advisors LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 138.9% in the fourth quarter. Pineridge Advisors LLC now owns 762 shares of the company’s stock worth $27,000 after buying an additional 443 shares in the last quarter. Finally, FSC Wealth Advisors LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at approximately $29,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

NASDAQ:SDVY opened at $31.50 on Tuesday. The company has a market cap of $7.35 billion, a price-to-earnings ratio of 13.43 and a beta of 1.18. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $28.84 and a 1 year high of $40.60. The stock’s 50 day simple moving average is $34.06 and its two-hundred day simple moving average is $36.16.

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 $0.1576 dividend. This represents a $0.63 annualized dividend and a yield of 2.00%. The ex-dividend date was Thursday, March 27th. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14.

First Trust SMID Cap Rising Dividend Achievers 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.