Fifth Third Bancorp Makes New $3.97 Million Investment in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Fifth Third Bancorp purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 100,695 shares of the company’s stock, valued at approximately $3,970,000.

A number of other large investors also recently made changes to their positions in SDVY. LPL Financial LLC grew 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 purchasing an additional 1,135,800 shares during the period. Morgan Stanley boosted 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 buying an additional 130,885 shares during the last quarter. Raymond James Financial Inc. grew 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 buying an additional 1,261,249 shares during the period. Bank of America Corp DE grew 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 buying an additional 614,123 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.2% during the 4th quarter. Cetera Investment Advisers now owns 7,715,939 shares of the company’s stock valued at $295,675,000 after acquiring an additional 451,662 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

SDVY opened at $43.39 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $35.03 and a 1 year high of $43.82. The company’s 50 day simple moving average is $42.12 and its 200 day simple moving average is $41.27. The stock has a market capitalization of $11.45 billion, a PE ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

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.