Accel Wealth Management Purchases 12,870 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Accel Wealth Management raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 33.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,901 shares of the company’s stock after purchasing an additional 12,870 shares during the quarter. Accel Wealth Management’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $1,989,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.9% during the 3rd quarter. Raymond James Financial Inc. now owns 12,844,014 shares of the company’s stock valued at $488,323,000 after purchasing an additional 825,345 shares during the period. Bank of America Corp DE grew its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% during the 3rd quarter. Bank of America Corp DE now owns 7,982,389 shares of the company’s stock valued at $303,486,000 after buying an additional 614,123 shares in the last quarter. HighTower Advisors LLC grew its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 20.3% during the 3rd quarter. HighTower Advisors LLC now owns 3,127,052 shares of the company’s stock valued at $118,890,000 after buying an additional 528,572 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 17.1% during the third quarter. Commonwealth Equity Services LLC now owns 3,384,431 shares of the company’s stock valued at $128,674,000 after buying an additional 494,306 shares during the period. Finally, UBS Group AG increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.4% during the third quarter. UBS Group AG now owns 6,746,792 shares of the company’s stock valued at $256,513,000 after buying an additional 344,834 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

SDVY stock opened at $39.73 on Friday. The firm has a 50 day moving average of $40.76 and a 200-day moving average of $39.20. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $28.84 and a 12 month high of $42.89. The firm has a market capitalization of $10.18 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 was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.0976 per share. This represents a $0.39 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, March 26th.

First Trust SMID Cap Rising Dividend Achievers ETF 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.