Maridea Wealth Management LLC Makes New $356,000 Investment in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Maridea Wealth Management LLC bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 9,937 shares of the company’s stock, valued at approximately $356,000.

Several other large investors have also recently bought and sold shares of the company. LPL Financial LLC lifted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 22.0% during the fourth quarter. LPL Financial LLC now owns 21,935,886 shares of the company’s stock valued at $786,401,000 after purchasing an additional 3,948,772 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter worth $381,301,000. Capital Investment Advisors LLC grew its position in First Trust SMID Cap Rising Dividend Archievers ETF by 8.2% in the fourth quarter. Capital Investment Advisors LLC now owns 3,510,050 shares of the company’s stock worth $125,835,000 after acquiring an additional 267,372 shares in the last quarter. Park National Corp OH increased its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 11.7% in the fourth quarter. Park National Corp OH now owns 2,827,593 shares of the company’s stock valued at $101,369,000 after acquiring an additional 296,558 shares during the last quarter. Finally, LVZ Inc. boosted its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 0.7% in the fourth quarter. LVZ Inc. now owns 2,726,811 shares of the company’s stock worth $97,756,000 after buying an additional 17,661 shares in the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

SDVY stock opened at $33.39 on Friday. The company has a market capitalization of $7.44 billion, a PE ratio of 13.43 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a one year low of $32.22 and a one year high of $40.60. The company’s 50 day moving average price is $35.62 and its two-hundred day moving average price is $36.53.

First Trust SMID Cap Rising Dividend Archievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be paid a $0.1576 dividend. The ex-dividend date is Thursday, March 27th. This is an increase from First Trust SMID Cap Rising Dividend Archievers ETF’s previous quarterly dividend of $0.14. This represents a $0.63 annualized dividend and a yield of 1.89%.

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.