L.M. Kohn & Company Makes New $230,000 Investment in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

L.M. Kohn & Company bought a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,313 shares of the company’s stock, valued at approximately $230,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Icon Wealth Advisors LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 3rd quarter worth approximately $30,000. Hazlett Burt & Watson Inc. bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the 2nd quarter valued at approximately $28,000. Mather Group LLC. bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the 2nd quarter valued at approximately $35,000. EverSource Wealth Advisors LLC bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the 1st quarter valued at approximately $34,000. Finally, ORG Partners LLC bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the 3rd quarter valued at approximately $73,000.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

Shares of NASDAQ:SDVY opened at $39.95 on Friday. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18. The firm has a 50 day simple moving average of $37.31 and a 200 day simple moving average of $35.42. First Trust SMID Cap Rising Dividend Archievers ETF has a one year low of $29.18 and a one year high of $40.60.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.1383 dividend. This represents a $0.55 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, September 26th.

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.