BAM Wealth Management LLC Boosts Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

BAM Wealth Management LLC lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 193.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,606 shares of the company’s stock after purchasing an additional 26,101 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF makes up 1.1% of BAM Wealth Management LLC’s holdings, making the stock its 17th biggest holding. BAM Wealth Management LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $1,518,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 6.9% in the 3rd quarter. Raymond James Financial Inc. now owns 12,844,014 shares of the company’s stock valued at $488,323,000 after buying an additional 825,345 shares during the period. Bank of America Corp DE grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% in the third quarter. Bank of America Corp DE now owns 7,982,389 shares of the company’s stock worth $303,486,000 after acquiring an additional 614,123 shares in the last quarter. 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 worth $256,513,000 after acquiring an additional 344,834 shares during the period. Capital Investment Advisors LLC increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.9% during the fourth quarter. Capital Investment Advisors LLC now owns 4,375,623 shares of the company’s stock worth $167,674,000 after acquiring an additional 204,797 shares during the period. Finally, Park National Corp OH raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.1% in the third quarter. Park National Corp OH now owns 3,412,175 shares of the company’s stock valued at $129,729,000 after acquiring an additional 35,601 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

NASDAQ:SDVY opened at $39.73 on Monday. The firm has a market cap of $10.18 billion, a PE ratio of 14.54 and a beta of 1.12. The stock has a fifty day moving average price of $40.76 and a 200 day moving average price of $39.21. First Trust SMID Cap Rising Dividend Achievers ETF has a 12-month low of $28.84 and a 12-month high of $42.89.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.0976 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.39 dividend on an annualized basis and a yield of 1.0%.

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.