First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Shares Bought by Precedent Wealth Partners LLC

Precedent Wealth Partners LLC grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 19.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 399,506 shares of the company’s stock after purchasing an additional 66,024 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF makes up approximately 2.4% of Precedent Wealth Partners LLC’s investment portfolio, making the stock its 5th largest holding. Precedent Wealth Partners LLC owned approximately 0.15% of First Trust SMID Cap Rising Dividend Achievers ETF worth $16,212,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. JSF Financial LLC boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.0% during the third quarter. JSF Financial LLC now owns 894,874 shares of the company’s stock worth $36,314,000 after acquiring an additional 8,706 shares during the period. Arwa LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the third quarter valued at approximately $404,000. LCW Services LLC grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.7% in the third quarter. LCW Services LLC now owns 229,333 shares of the company’s stock valued at $9,306,000 after purchasing an additional 12,269 shares during the last quarter. Grantvest Financial Group LLC grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.2% in the third quarter. Grantvest Financial Group LLC now owns 46,966 shares of the company’s stock valued at $1,906,000 after purchasing an additional 551 shares during the last quarter. Finally, Arvest Investments Inc. increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.7% during the third quarter. Arvest Investments Inc. now owns 232,641 shares of the company’s stock worth $9,441,000 after purchasing an additional 12,640 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 0.7%

Shares of NASDAQ SDVY opened at $42.33 on Friday. The firm has a market cap of $11.17 billion, a P/E ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a 1-year low of $36.40 and a 1-year high of $45.11. The business’s 50 day moving average is $42.35 and its 200-day moving average is $42.39.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a $0.1002 dividend. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901. The ex-dividend date was Thursday, September 24th. This represents a $0.40 annualized dividend and a 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.