First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Shares Bought by Blue Chip Partners LLC

Blue Chip Partners LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 2.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 607,551 shares of the company’s stock after acquiring an additional 16,720 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF makes up 1.7% of Blue Chip Partners LLC’s investment portfolio, making the stock its 25th largest position. Blue Chip Partners LLC owned approximately 0.23% of First Trust SMID Cap Rising Dividend Achievers ETF worth $23,956,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% in the fourth quarter. LPL Financial LLC now owns 24,892,169 shares of the company’s stock valued at $953,868,000 after buying an additional 1,135,800 shares during the last quarter. Morgan Stanley grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 0.7% in the 4th quarter. Morgan Stanley now owns 17,946,856 shares of the company’s stock worth $687,724,000 after acquiring an additional 130,885 shares during the period. Raymond James Financial Inc. raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 9.8% in the 4th quarter. Raymond James Financial Inc. now owns 14,105,263 shares of the company’s stock valued at $540,514,000 after acquiring an additional 1,261,249 shares during the last quarter. Bank of America Corp DE raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% in 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 acquiring an additional 614,123 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% in the 1st quarter. Cetera Investment Advisers now owns 7,943,362 shares of the company’s stock valued at $313,207,000 after acquiring an additional 227,423 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

SDVY opened at $43.28 on Monday. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $35.03 and a 12 month high of $43.82. The business has a 50-day moving average of $42.30 and a two-hundred day moving average of $41.44. The stock has a market capitalization of $11.44 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.0901 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.36 annualized dividend and a yield of 0.8%.

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.