Econ Financial Services Corp Acquires 37,184 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Econ Financial Services Corp lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 26.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 179,719 shares of the company’s stock after purchasing an additional 37,184 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF accounts for 3.5% of Econ Financial Services Corp’s portfolio, making the stock its 5th largest position. Econ Financial Services Corp owned about 0.07% of First Trust SMID Cap Rising Dividend Achievers ETF worth $6,887,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SDVY. Focus Partners Wealth lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 41.2% in the 1st quarter. Focus Partners Wealth now owns 43,712 shares of the company’s stock worth $1,464,000 after buying an additional 12,748 shares in the last quarter. Creative Planning grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 31.9% during the 2nd quarter. Creative Planning now owns 9,390 shares of the company’s stock valued at $331,000 after acquiring an additional 2,270 shares in the last quarter. Smith Moore & CO. grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 7.1% during the 2nd quarter. Smith Moore & CO. now owns 22,986 shares of the company’s stock valued at $811,000 after acquiring an additional 1,522 shares in the last quarter. WCG Wealth Advisors LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 9.6% during the 2nd quarter. WCG Wealth Advisors LLC now owns 135,445 shares of the company’s stock valued at $4,778,000 after acquiring an additional 11,866 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter worth $158,000.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 2.4%

SDVY opened at $39.43 on Wednesday. The stock has a market cap of $9.89 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 $42.89. The stock has a fifty day moving average price of $40.82 and a 200 day moving average price of $39.18.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.0976 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 1.0%.

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.