Summit Investment Advisory Services LLC Takes Position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Summit Investment Advisory Services LLC acquired a new stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 55,205 shares of the company’s stock, valued at approximately $2,008,000. First Trust SMID Cap Rising Dividend Archievers ETF accounts for approximately 1.1% of Summit Investment Advisory Services LLC’s investment portfolio, making the stock its 16th largest holding.

Other large investors also recently modified their holdings of the company. Hazlett Burt & Watson Inc. bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the second quarter worth $28,000. Strategic Financial Concepts LLC acquired a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the 2nd quarter worth about $28,000. Benjamin Edwards Inc. bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the 1st quarter worth about $32,000. EverSource Wealth Advisors LLC bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the 1st quarter worth about $34,000. Finally, Mather Group LLC. acquired a new stake in First Trust SMID Cap Rising Dividend Archievers ETF in the 2nd quarter valued at about $35,000.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

Shares of SDVY stock traded up $0.03 during trading hours on Thursday, reaching $37.32. 163,155 shares of the company were exchanged, compared to its average volume of 1,111,829. First Trust SMID Cap Rising Dividend Archievers ETF has a fifty-two week low of $26.40 and a fifty-two week high of $37.47. The stock’s fifty day moving average is $35.45 and its two-hundred day moving average is $34.47. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.1383 per share. This represents a $0.55 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Thursday, September 26th.

About First Trust SMID Cap Rising Dividend Archievers 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.