First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Shares Purchased by Baron Wealth Management LLC

Baron Wealth Management LLC raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 71.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 165,869 shares of the company’s stock after purchasing an additional 69,034 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF accounts for about 2.0% of Baron Wealth Management LLC’s holdings, making the stock its 7th biggest position. Baron Wealth Management LLC owned 0.07% of First Trust SMID Cap Rising Dividend Achievers ETF worth $6,356,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GoalVest Advisory LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter worth approximately $25,000. Bank of Jackson Hole Trust purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 3rd quarter valued at $25,000. Princeton Global Asset Management LLC acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter worth $36,000. Evolution Wealth Management Inc. purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter valued at $54,000. Finally, IMA Advisory Services Inc. purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the third quarter valued at $84,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

NASDAQ SDVY opened at $38.71 on Friday. The company has a fifty day moving average of $40.87 and a two-hundred day moving average of $39.16. The company has a market capitalization of $9.70 billion, a PE ratio of 14.54 and a beta of 1.12. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $28.84 and a 1 year high of $42.89.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 26th will be given a $0.0976 dividend. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 1.0%.

About First Trust SMID Cap Rising Dividend Achievers ETF

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.