Envestnet Portfolio Solutions Inc. Purchases 91,093 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Envestnet Portfolio Solutions Inc. raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 77.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 208,274 shares of the company’s stock after purchasing an additional 91,093 shares during the period. Envestnet Portfolio Solutions Inc. owned about 0.09% of First Trust SMID Cap Rising Dividend Achievers ETF worth $7,918,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Valley National Advisers Inc. increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.5% during the third quarter. Valley National Advisers Inc. now owns 58,799 shares of the company’s stock valued at $2,235,000 after buying an additional 282 shares during the period. Purus Wealth Management LLC grew its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 0.5% during the 3rd quarter. Purus Wealth Management LLC now owns 52,491 shares of the company’s stock worth $1,996,000 after acquiring an additional 284 shares in the last quarter. Moloney Securities Asset Management LLC increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 10,260 shares of the company’s stock valued at $362,000 after purchasing an additional 291 shares during the period. MinichMacGregor Wealth Management LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.1% in the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 6,212 shares of the company’s stock valued at $236,000 after purchasing an additional 302 shares in the last quarter. Finally, Partners Wealth Management LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.3% in the 3rd quarter. Partners Wealth Management LLC now owns 26,508 shares of the company’s stock worth $1,008,000 after purchasing an additional 334 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

NASDAQ SDVY opened at $40.41 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $28.84 and a 52-week high of $41.33. The company has a market cap of $10.07 billion, a PE ratio of 14.54 and a beta of 1.12. The firm’s 50 day moving average price is $38.95 and its 200-day moving average price is $37.89.

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. Investors of record on Friday, December 12th were paid a dividend of $0.1305 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.52 annualized dividend and a yield of 1.3%. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10.

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.