First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Position Boosted by KPP Advisory Services LLC

KPP Advisory Services LLC lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 351.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 184,717 shares of the company’s stock after purchasing an additional 143,774 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF accounts for about 1.0% of KPP Advisory Services LLC’s investment portfolio, making the stock its 19th largest holding. KPP Advisory Services LLC owned 0.08% of First Trust SMID Cap Rising Dividend Achievers ETF worth $7,023,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SDVY. Valley National Advisers Inc. grew its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 0.5% during the third quarter. Valley National Advisers Inc. now owns 58,799 shares of the company’s stock valued at $2,235,000 after purchasing an additional 282 shares during the last quarter. Purus Wealth Management LLC raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 0.5% during the third quarter. Purus Wealth Management LLC now owns 52,491 shares of the company’s stock worth $1,996,000 after acquiring an additional 284 shares in the last quarter. Moloney Securities Asset Management LLC lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 10,260 shares of the company’s stock valued at $362,000 after purchasing an additional 291 shares during the last quarter. MinichMacGregor Wealth Management LLC raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.1% in the third quarter. MinichMacGregor Wealth Management LLC now owns 6,212 shares of the company’s stock valued at $236,000 after acquiring an additional 302 shares during the last quarter. Finally, Partners Wealth Management LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.3% during the third quarter. Partners Wealth Management LLC now owns 26,508 shares of the company’s stock worth $1,008,000 after purchasing an additional 334 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 0.2%

Shares of SDVY opened at $40.48 on Tuesday. The firm has a market capitalization of $10.09 billion, a PE ratio of 14.54 and a beta of 1.12. The stock’s fifty day simple moving average is $39.02 and its 200-day simple moving average is $37.93. First Trust SMID Cap Rising Dividend Achievers ETF has a 12-month low of $28.84 and a 12-month high of $41.33.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently announced 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. The ex-dividend date was Friday, December 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10.

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.