Waterfront Wealth Inc. Acquires New Shares in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Waterfront Wealth Inc. acquired a new stake in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,535 shares of the company’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in SDVY. Morgan Stanley raised its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 181.1% in the third quarter. Morgan Stanley now owns 3,977,071 shares of the company’s stock valued at $112,273,000 after acquiring an additional 2,562,005 shares in the last quarter. Truist Financial Corp raised its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 260.8% in the third quarter. Truist Financial Corp now owns 2,167,156 shares of the company’s stock worth $61,179,000 after purchasing an additional 1,566,457 shares in the last quarter. LPL Financial LLC raised its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 15.8% in the third quarter. LPL Financial LLC now owns 6,870,147 shares of the company’s stock worth $193,944,000 after purchasing an additional 935,420 shares in the last quarter. Wells Fargo & Company MN raised its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 159.2% in the fourth quarter. Wells Fargo & Company MN now owns 1,091,820 shares of the company’s stock worth $28,442,000 after purchasing an additional 670,673 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 259.1% in the first quarter. Royal Bank of Canada now owns 839,484 shares of the company’s stock worth $23,396,000 after purchasing an additional 605,692 shares in the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

First Trust SMID Cap Rising Dividend Archievers ETF stock traded up $0.27 during trading hours on Thursday, reaching $32.60. The stock had a trading volume of 101,422 shares, compared to its average volume of 1,117,306. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 7.92 and a beta of 1.18. The business’s 50 day moving average price is $33.28 and its 200-day moving average price is $31.20. First Trust SMID Cap Rising Dividend Archievers ETF has a 52 week low of $24.70 and a 52 week high of $34.96.

First Trust SMID Cap Rising Dividend Archievers ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were issued a $0.1032 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.41 dividend on an annualized basis and a yield of 1.27%.

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.