First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Shares Bought by Private Wealth Asset Management LLC

Private Wealth Asset Management LLC lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 7.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 281,549 shares of the company’s stock after acquiring an additional 20,684 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF comprises about 1.3% of Private Wealth Asset Management LLC’s investment portfolio, making the stock its 13th biggest holding. Private Wealth Asset Management LLC owned 0.12% of First Trust SMID Cap Rising Dividend Achievers ETF worth $10,704,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SDVY. Silver Oak Securities Incorporated boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 54.8% during the 3rd quarter. Silver Oak Securities Incorporated now owns 87,799 shares of the company’s stock worth $3,338,000 after acquiring an additional 31,072 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 17.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 3,384,431 shares of the company’s stock valued at $128,674,000 after purchasing an additional 494,306 shares during the period. Formidable Asset Management LLC increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 17.2% in the 3rd quarter. Formidable Asset Management LLC now owns 87,779 shares of the company’s stock worth $3,097,000 after purchasing an additional 12,862 shares in the last quarter. Precedent Wealth Partners LLC raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 14.3% during the 3rd quarter. Precedent Wealth Partners LLC now owns 244,732 shares of the company’s stock worth $9,305,000 after buying an additional 30,683 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 4.0% during the third quarter. D.A. Davidson & CO. now owns 669,617 shares of the company’s stock valued at $25,458,000 after buying an additional 25,832 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $40.25 on Thursday. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $28.84 and a fifty-two week high of $41.33. The firm’s 50 day simple moving average is $39.16 and its 200-day simple moving average is $37.98. The company has a market cap of $10.07 billion, a P/E ratio of 14.54 and a beta of 1.12.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $0.1305 per share. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.52 annualized dividend and a yield of 1.3%.

First Trust SMID Cap Rising Dividend Achievers 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.