Western Wealth Management LLC Purchases 92,762 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Western Wealth Management LLC boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 12.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 849,178 shares of the company’s stock after buying an additional 92,762 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF comprises 1.2% of Western Wealth Management LLC’s portfolio, making the stock its 12th largest holding. Western Wealth Management LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $33,483,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Eagle Bay Advisors LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at $25,000. Oakworth Capital Inc. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at about $25,000. Trust Co. of Vermont acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at about $27,000. Smartleaf Asset Management LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at about $28,000. Finally, EQ Wealth Advisors LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at about $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 0.2%

NASDAQ:SDVY opened at $43.73 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 12-month low of $35.03 and a 12-month high of $44.19. The firm has a market capitalization of $11.55 billion, a PE ratio of 14.54 and a beta of 1.01. The firm has a 50-day moving average price of $42.52 and a 200 day moving average price of $41.55.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

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.