Econ Financial Services Corp Raises Stock Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Econ Financial Services Corp raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 26.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 179,719 shares of the company’s stock after acquiring an additional 37,184 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF comprises approximately 3.5% of Econ Financial Services Corp’s holdings, making the stock its 5th largest position. Econ Financial Services Corp’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $6,887,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SDVY. GoalVest Advisory LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter valued at $25,000. Bank of Jackson Hole Trust bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the third quarter worth $25,000. Princeton Global Asset Management LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the third quarter worth $36,000. Hoese & Co LLP acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth $48,000. Finally, Evolution Wealth Management Inc. bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the second quarter valued at about $54,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

SDVY opened at $39.43 on Wednesday. The company has a market cap of $9.89 billion, a PE ratio of 14.54 and a beta of 1.12. The stock has a 50-day moving average of $40.82 and a 200-day moving average of $39.18. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $28.84 and a 52-week high of $42.89.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.0976 dividend. This represents a $0.39 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, March 26th.

About First Trust SMID Cap Rising Dividend Achievers 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.