Bank of Montreal Can Takes $43,000 Position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Bank of Montreal Can purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,192 shares of the company’s stock, valued at approximately $43,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Pine Valley Investments Ltd Liability Co increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.3% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 385,241 shares of the company’s stock worth $14,015,000 after purchasing an additional 1,271 shares during the last quarter. World Investment Advisors LLC raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 8.0% in the third quarter. World Investment Advisors LLC now owns 29,203 shares of the company’s stock valued at $1,062,000 after buying an additional 2,151 shares during the period. Synovus Financial Corp raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 8.4% in the third quarter. Synovus Financial Corp now owns 120,709 shares of the company’s stock valued at $4,391,000 after buying an additional 9,303 shares during the period. Capasso Planning Partners LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 10.8% during the 3rd quarter. Capasso Planning Partners LLC now owns 8,933 shares of the company’s stock worth $325,000 after acquiring an additional 872 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 18.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 145,503 shares of the company’s stock worth $5,293,000 after acquiring an additional 22,158 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 0.5 %

NASDAQ SDVY opened at $32.42 on Friday. The company has a market cap of $7.54 billion, a PE ratio of 12.77 and a beta of 1.18. The firm’s 50-day simple moving average is $33.11 and its two-hundred day simple moving average is $35.87. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $28.84 and a 52 week high of $40.60.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.1576 per share. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.63 dividend on an annualized basis and a yield of 1.94%.

About First Trust SMID Cap Rising Dividend Achievers ETF

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.