Northwestern Mutual Wealth Management Co. Has $18.19 Million Stock Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Northwestern Mutual Wealth Management Co. trimmed its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 77.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 474,624 shares of the company’s stock after selling 1,659,580 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $18,188,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.9% in the third quarter. Raymond James Financial Inc. now owns 12,844,014 shares of the company’s stock worth $488,323,000 after buying an additional 825,345 shares during the last quarter. Bank of America Corp DE increased 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 worth $303,486,000 after acquiring an additional 614,123 shares during the period. UBS Group AG increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% during the fourth quarter. UBS Group AG now owns 6,941,165 shares of the company’s stock worth $265,985,000 after acquiring an additional 194,373 shares during the period. Capital Investment Advisors LLC increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 4.9% during the fourth quarter. Capital Investment Advisors LLC now owns 4,375,623 shares of the company’s stock worth $167,674,000 after acquiring an additional 204,797 shares during the period. Finally, HighTower Advisors LLC increased 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 worth $118,890,000 after acquiring an additional 528,572 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 1.6%

Shares of SDVY stock opened at $41.28 on Thursday. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $33.54 and a 1 year high of $42.89. The firm’s fifty day simple moving average is $40.80 and its 200 day simple moving average is $40.07. The firm has a market capitalization of $10.69 billion, a P/E ratio of 14.54 and a beta of 1.04.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.0976 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.39 dividend on an annualized basis and a yield of 0.9%.

First Trust SMID Cap Rising Dividend Achievers ETF Company 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.