DAVENPORT & Co LLC Has $3.32 Million Stock Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

DAVENPORT & Co LLC lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 228.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,749 shares of the company’s stock after acquiring an additional 60,332 shares during the quarter. DAVENPORT & Co LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $3,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Focus Partners Wealth raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 41.2% in the 1st quarter. Focus Partners Wealth now owns 43,712 shares of the company’s stock worth $1,464,000 after acquiring an additional 12,748 shares in the last quarter. Creative Planning boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 31.9% during the 2nd quarter. Creative Planning now owns 9,390 shares of the company’s stock valued at $331,000 after purchasing an additional 2,270 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 29.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,939,333 shares of the company’s stock valued at $68,420,000 after purchasing an additional 445,817 shares in the last quarter. Pursue Wealth Partners LLC grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 106.3% during the second quarter. Pursue Wealth Partners LLC now owns 30,319 shares of the company’s stock worth $1,070,000 after purchasing an additional 15,620 shares during the period. Finally, VestGen Advisors LLC grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 20.7% during the second quarter. VestGen Advisors LLC now owns 247,589 shares of the company’s stock worth $8,735,000 after purchasing an additional 42,382 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of SDVY stock opened at $38.71 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $28.84 and a fifty-two week high of $42.89. The stock has a 50 day simple moving average of $40.87 and a two-hundred day simple moving average of $39.15. The company has a market cap of $9.70 billion, a P/E ratio of 14.54 and a beta of 1.12.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be given a dividend of $0.0976 per share. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $0.39 annualized dividend and a dividend yield of 1.0%.

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.