Formidable Asset Management LLC Buys 12,862 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Formidable Asset Management LLC boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 17.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,779 shares of the company’s stock after purchasing an additional 12,862 shares during the quarter. Formidable Asset Management LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $3,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. GoalVest Advisory LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 3rd quarter worth $25,000. Hantz Financial Services Inc. purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter worth $33,000. Princeton Global Asset Management LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the third quarter valued at $36,000. Fifth Third Bancorp increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 120.9% in the second quarter. Fifth Third Bancorp now owns 952 shares of the company’s stock valued at $34,000 after acquiring an additional 521 shares during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the second quarter valued at about $34,000.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 0.2%

Shares of NASDAQ SDVY opened at $40.55 on Monday. The stock’s 50-day moving average is $38.67 and its 200 day moving average is $37.75. The stock has a market cap of $10.05 billion, a price-to-earnings ratio of 14.54 and a beta of 1.12. First Trust SMID Cap Rising Dividend Achievers ETF has a 1-year low of $28.84 and a 1-year high of $40.74.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.1305 per share. This represents a $0.52 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, December 12th. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10.

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.