First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Shares Acquired by Commonwealth Financial Services LLC

Commonwealth Financial Services LLC boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 73.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 47,048 shares of the company’s stock after buying an additional 19,956 shares during the quarter. Commonwealth Financial Services LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $1,789,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hantz Financial Services Inc. bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the second quarter valued at approximately $33,000. Fifth Third Bancorp increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 120.9% in the 2nd quarter. Fifth Third Bancorp now owns 952 shares of the company’s stock valued at $34,000 after acquiring an additional 521 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 2nd quarter valued at approximately $34,000. Princeton Global Asset Management LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter valued at $36,000. Finally, Winnow Wealth LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 2nd quarter worth $42,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

NASDAQ:SDVY opened at $38.72 on Friday. The stock has a market cap of $9.55 billion, a price-to-earnings ratio of 14.54 and a beta of 1.12. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $28.84 and a 1 year high of $39.60. The business has a fifty day moving average of $38.18 and a 200-day moving average of $37.37.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $0.1305 per share. This represents a $0.52 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10.

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.