First Trust SMID Cap Rising Dividend Achievers ETF $SDVY is Econ Financial Services Corp’s 2nd Largest Position

Econ Financial Services Corp grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 34.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 241,302 shares of the company’s stock after buying an additional 61,583 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF accounts for approximately 4.4% of Econ Financial Services Corp’s holdings, making the stock its 2nd biggest position. Econ Financial Services Corp owned 0.09% of First Trust SMID Cap Rising Dividend Achievers ETF worth $9,515,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Eagle Bay Advisors LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth about $25,000. Oakworth Capital Inc. bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth approximately $25,000. Trust Co. of Vermont purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth approximately $27,000. Smartleaf Asset Management LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at approximately $28,000. Finally, EQ Wealth Advisors LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at approximately $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 0.1%

Shares of NASDAQ:SDVY opened at $43.08 on Friday. The stock has a fifty day simple moving average of $41.84 and a two-hundred day simple moving average of $40.84. First Trust SMID Cap Rising Dividend Achievers ETF has a 12-month low of $35.03 and a 12-month high of $43.44. The stock has a market capitalization of $11.15 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be given a $0.0901 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, June 25th.

First Trust SMID Cap Rising Dividend Achievers ETF Company 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.