Northwestern Mutual Wealth Management Co. Boosts Holdings in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Northwestern Mutual Wealth Management Co. increased its holdings in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 18.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 799,907 shares of the company’s stock after purchasing an additional 123,349 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.53% of First Trust SMID Cap Rising Dividend Archievers ETF worth $26,701,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in SDVY. LPL Financial LLC increased its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 15.9% in the 2nd quarter. LPL Financial LLC now owns 15,358,397 shares of the company’s stock worth $512,663,000 after acquiring an additional 2,105,789 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 7.8% in the 2nd quarter. Raymond James & Associates now owns 3,565,684 shares of the company’s stock worth $119,023,000 after buying an additional 258,459 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 34.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 3,266,343 shares of the company’s stock worth $109,031,000 after buying an additional 835,904 shares during the period. Capital Investment Advisors LLC lifted its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 38,705.4% in the 2nd quarter. Capital Investment Advisors LLC now owns 3,007,808 shares of the company’s stock worth $100,401,000 after buying an additional 3,000,057 shares during the period. Finally, LVZ Inc. lifted its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 0.8% in the 2nd quarter. LVZ Inc. now owns 2,716,224 shares of the company’s stock worth $90,668,000 after buying an additional 22,837 shares during the period.

First Trust SMID Cap Rising Dividend Archievers ETF Trading Up 0.4 %

Shares of SDVY stock opened at $36.38 on Tuesday. First Trust SMID Cap Rising Dividend Archievers ETF has a twelve month low of $26.40 and a twelve month high of $37.25. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18. The stock has a fifty day simple moving average of $35.13 and a two-hundred day simple moving average of $34.25.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.1383 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Thursday, September 26th.

First Trust SMID Cap Rising Dividend Archievers 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.