Wagner Wealth Management LLC Grows Stake in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Wagner Wealth Management LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 4.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 456,314 shares of the company’s stock after acquiring an additional 18,713 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF comprises approximately 3.7% of Wagner Wealth Management LLC’s investment portfolio, making the stock its 9th largest holding. Wagner Wealth Management LLC owned 0.20% of First Trust SMID Cap Rising Dividend Achievers ETF worth $16,099,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fifth Third Bancorp raised its holdings in shares of 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 purchasing an additional 521 shares during the period. Harbor Investment Advisory LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 38.8% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,610 shares of the company’s stock valued at $54,000 after purchasing an additional 450 shares during the period. Financial Network Wealth Advisors LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 1st quarter valued at about $72,000. Centaurus Financial Inc. bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at about $110,000. Finally, GAMMA Investing LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 3,250.0% in the 1st quarter. GAMMA Investing LLC now owns 4,288 shares of the company’s stock valued at $144,000 after purchasing an additional 4,160 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of SDVY stock opened at $38.16 on Friday. The firm’s 50-day moving average is $37.34 and its 200-day moving average is $35.08. The stock has a market cap of $8.85 billion, a price-to-earnings ratio of 14.54 and a beta of 1.18. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $28.84 and a 52-week high of $40.60.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th will be issued a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, September 25th.

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.