Meridian Wealth Management LLC Grows Position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Meridian Wealth Management LLC boosted its stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 141.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 39,336 shares of the company’s stock after buying an additional 23,074 shares during the quarter. Meridian Wealth Management LLC’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $1,431,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Icon Wealth Advisors LLC purchased a new stake in First Trust SMID Cap Rising Dividend Archievers ETF in the 3rd quarter valued at $30,000. Covenant Asset Management LLC purchased a new stake in First Trust SMID Cap Rising Dividend Archievers ETF in the 3rd quarter valued at $215,000. LPL Financial LLC raised its position in First Trust SMID Cap Rising Dividend Archievers ETF by 17.1% in the 3rd quarter. LPL Financial LLC now owns 17,987,114 shares of the company’s stock valued at $654,371,000 after buying an additional 2,628,717 shares during the last quarter. SSI Investment Management LLC purchased a new stake in First Trust SMID Cap Rising Dividend Archievers ETF in the 3rd quarter valued at $4,260,000. Finally, Moors & Cabot Inc. increased its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 20.1% during the 3rd quarter. Moors & Cabot Inc. now owns 61,011 shares of the company’s stock valued at $2,220,000 after purchasing an additional 10,197 shares during the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

Shares of First Trust SMID Cap Rising Dividend Archievers ETF stock opened at $39.61 on Friday. First Trust SMID Cap Rising Dividend Archievers ETF has a 1 year low of $28.92 and a 1 year high of $39.63. The firm has a market cap of $6.93 billion, a PE ratio of 8.30 and a beta of 1.18. The stock has a fifty day moving average price of $36.81 and a 200-day moving average price of $35.18.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.1383 per share. This represents a $0.55 annualized dividend and a dividend yield of 1.40%. The ex-dividend date 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.