Envestnet Asset Management Inc. Has $116.63 Million Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Envestnet Asset Management Inc. increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 3.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,067,640 shares of the company’s stock after purchasing an additional 93,376 shares during the quarter. Envestnet Asset Management Inc. owned 1.28% of First Trust SMID Cap Rising Dividend Achievers ETF worth $116,630,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. GoalVest Advisory LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the third quarter worth $25,000. Bank of Jackson Hole Trust acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 3rd quarter worth $25,000. Hantz Financial Services Inc. bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 2nd quarter worth about $33,000. Atlantic Union Bankshares Corp acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 2nd quarter valued at about $34,000. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 3rd quarter valued at about $36,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

SDVY stock opened at $42.33 on Friday. The stock has a market capitalization of $10.61 billion, a P/E ratio of 14.54 and a beta of 1.12. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $28.84 and a fifty-two week high of $42.41. The business has a 50-day moving average of $39.65 and a 200-day moving average of $38.22.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $0.1305 dividend. This represents a $0.52 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, December 12th. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10.

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.