Saxony Capital Management LLC Takes Position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Saxony Capital Management LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,316 shares of the company’s stock, valued at approximately $230,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Hazlett Burt & Watson Inc. bought a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 2nd quarter valued at $28,000. Strategic Financial Concepts LLC acquired a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the 2nd quarter worth about $28,000. EverSource Wealth Advisors LLC bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the first quarter valued at about $34,000. Mather Group LLC. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the second quarter valued at about $35,000. Finally, ORG Partners LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the third quarter valued at about $73,000.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

Shares of NASDAQ SDVY opened at $36.45 on Wednesday. The company has a 50 day simple moving average of $35.69 and a 200 day simple moving average of $34.55. First Trust SMID Cap Rising Dividend Archievers ETF has a 1 year low of $26.40 and a 1 year high of $37.55. The firm has a market cap of $6.29 billion, a PE ratio of 8.30 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.1383 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.55 annualized dividend and a dividend yield of 1.52%.

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.