BAM Wealth Management LLC Invests $513,000 in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

BAM Wealth Management LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,505 shares of the company’s stock, valued at approximately $513,000.

Other hedge funds have also bought and sold shares of the company. Symphony Financial Ltd. Co. raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 3.8% during the 3rd quarter. Symphony Financial Ltd. Co. now owns 46,157 shares of the company’s stock valued at $1,743,000 after buying an additional 1,703 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 77.7% during the third quarter. Envestnet Portfolio Solutions Inc. now owns 208,274 shares of the company’s stock worth $7,918,000 after purchasing an additional 91,093 shares during the last quarter. Simplicity Wealth LLC increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.1% during the 3rd quarter. Simplicity Wealth LLC now owns 94,331 shares of the company’s stock valued at $3,586,000 after purchasing an additional 1,068 shares during the last quarter. Stiles Financial Services Inc raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 16.7% during the 3rd quarter. Stiles Financial Services Inc now owns 20,093 shares of the company’s stock valued at $764,000 after buying an additional 2,868 shares in the last quarter. Finally, Huntleigh Advisors Inc. lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 2.2% in the 3rd quarter. Huntleigh Advisors Inc. now owns 61,387 shares of the company’s stock worth $2,334,000 after buying an additional 1,329 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ SDVY opened at $40.41 on Friday. The stock has a market capitalization of $10.05 billion, a P/E ratio of 14.54 and a beta of 1.12. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $28.84 and a one year high of $41.33. The firm’s 50 day simple moving average is $38.95 and its two-hundred day simple moving average is $37.88.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.1305 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, December 12th.

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.