Convergence Financial LLC Purchases New Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Convergence Financial LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 20,133 shares of the company’s stock, valued at approximately $765,000.

A number of other hedge funds have also recently bought and sold shares of SDVY. Kovack Advisors Inc. raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 3.7% during the third quarter. Kovack Advisors Inc. now owns 17,540 shares of the company’s stock worth $667,000 after acquiring an additional 619 shares during the last quarter. Collaborative Wealth Managment Inc. boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.5% in the 3rd quarter. Collaborative Wealth Managment Inc. now owns 37,372 shares of the company’s stock valued at $1,421,000 after purchasing an additional 1,935 shares during the last quarter. Synovus Financial Corp boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 7.3% in the 3rd quarter. Synovus Financial Corp now owns 149,686 shares of the company’s stock valued at $5,692,000 after purchasing an additional 10,181 shares during the last quarter. Jacobi Capital Management LLC grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.6% during the 3rd quarter. Jacobi Capital Management LLC now owns 49,682 shares of the company’s stock worth $1,889,000 after buying an additional 1,242 shares during the period. Finally, Maridea Wealth Management LLC raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 46.1% during the third quarter. Maridea Wealth Management LLC now owns 20,591 shares of the company’s stock worth $773,000 after buying an additional 6,494 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ SDVY opened at $42.53 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $28.84 and a fifty-two week high of $42.89. The firm has a market capitalization of $10.66 billion, a P/E ratio of 14.54 and a beta of 1.12. The company’s 50 day simple moving average is $40.37 and its 200 day simple moving average is $38.63.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.1305 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, December 12th.

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.