First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Shares Purchased by Wagner Wealth Management LLC

Wagner Wealth Management LLC raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 2.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 488,665 shares of the company’s stock after acquiring an additional 13,825 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF makes up 3.9% of Wagner Wealth Management LLC’s portfolio, making the stock its 8th largest holding. Wagner Wealth Management LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $19,268,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in SDVY. Eagle Bay Advisors LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth about $25,000. Oakworth Capital Inc. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth about $25,000. Trust Co. of Vermont bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at about $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 about $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 about $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 0.5%

NASDAQ:SDVY opened at $43.14 on Wednesday. The firm has a market cap of $11.17 billion, a PE ratio of 14.54 and a beta of 1.01. 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 company’s 50-day moving average price is $41.89 and its two-hundred day moving average price is $40.92.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.0901 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%.

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.