First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 17.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,384,431 shares of the company’s stock after acquiring an additional 494,306 shares during the period. Commonwealth Equity Services LLC owned 1.42% of First Trust SMID Cap Rising Dividend Achievers ETF worth $128,674,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SDVY. Hantz Financial Services Inc. purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 2nd quarter valued at about $33,000. Fifth Third Bancorp raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 120.9% in the second quarter. Fifth Third Bancorp now owns 952 shares of the company’s stock valued at $34,000 after buying an additional 521 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the second quarter valued at approximately $34,000. Princeton Global Asset Management LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the third quarter valued at approximately $36,000. Finally, Winnow Wealth LLC acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the second quarter worth approximately $42,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

SDVY stock opened at $38.72 on Monday. The company has a 50 day moving average price of $38.18 and a two-hundred day moving average price of $37.41. The stock has a market capitalization of $9.55 billion, a P/E ratio of 14.54 and a beta of 1.12. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $28.84 and a one year high of $39.60.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a $0.1305 dividend. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, December 12th.

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.