Gateway Wealth Partners LLC Invests $584,000 in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Gateway Wealth Partners LLC bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 17,482 shares of the company’s stock, valued at approximately $584,000.

Other institutional investors also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. acquired a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 2nd quarter valued at $28,000. Benjamin Edwards Inc. acquired a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the first quarter valued at $32,000. Mather Group LLC. purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the second quarter worth about $35,000. EverSource Wealth Advisors LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the first quarter worth about $34,000. Finally, VitalStone Financial LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter worth about $39,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Up 0.4 %

Shares of NASDAQ SDVY opened at $36.38 on Tuesday. The business has a 50-day moving average price of $35.13 and a 200 day moving average price of $34.25. The stock has a market cap of $5.46 billion, a PE ratio of 8.30 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 52-week low of $26.40 and a 52-week high of $37.25.

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. Stockholders of record on Thursday, September 26th were issued a $0.1383 dividend. This represents a $0.55 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Thursday, September 26th.

First Trust SMID Cap Rising Dividend Archievers ETF 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.