Sanchez Wealth Management Group Buys 42,676 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Sanchez Wealth Management Group increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 446,233 shares of the company’s stock after purchasing an additional 42,676 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF makes up approximately 3.7% of Sanchez Wealth Management Group’s portfolio, making the stock its 12th biggest holding. Sanchez Wealth Management Group’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $17,100,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Raymond James Financial Inc. grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 6.9% during the third quarter. Raymond James Financial Inc. now owns 12,844,014 shares of the company’s stock valued at $488,323,000 after acquiring an additional 825,345 shares during the last quarter. Bank of America Corp DE grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% during the third quarter. Bank of America Corp DE now owns 7,982,389 shares of the company’s stock valued at $303,486,000 after acquiring an additional 614,123 shares during the last quarter. JSF Financial LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at approximately $22,029,000. Trilogy Capital Inc. bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at approximately $21,219,000. Finally, HighTower Advisors LLC grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 20.3% during the third quarter. HighTower Advisors LLC now owns 3,127,052 shares of the company’s stock valued at $118,890,000 after acquiring an additional 528,572 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $41.84 on Monday. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $33.54 and a 52-week high of $42.89. The stock has a market capitalization of $10.83 billion, a price-to-earnings ratio of 14.54 and a beta of 1.04. The company’s 50 day moving average price is $40.85 and its 200-day moving average price is $39.84.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.0976 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.39 annualized dividend and a dividend yield of 0.9%.

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.