Kovack Advisors Inc. Increases Stock Holdings in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Kovack Advisors Inc. grew its stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 14.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,815 shares of the company’s stock after purchasing an additional 1,098 shares during the period. Kovack Advisors Inc.’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $321,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SDVY. Hazlett Burt & Watson Inc. purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 2nd quarter worth approximately $28,000. Mather Group LLC. purchased a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the second quarter worth $35,000. EverSource Wealth Advisors LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the first quarter valued at $34,000. ORG Partners LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the third quarter valued at $73,000. Finally, Industrial Alliance Investment Management Inc. purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 1st quarter worth about $93,000.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

SDVY stock opened at $38.09 on Friday. First Trust SMID Cap Rising Dividend Archievers ETF has a 12 month low of $28.60 and a 12 month high of $39.24. The firm has a market capitalization of $6.67 billion, a PE ratio of 8.30 and a beta of 1.18. The company’s 50 day simple moving average is $36.39 and its 200-day simple moving average is $35.00.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.1383 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.55 annualized dividend and a dividend yield of 1.45%.

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.