Northwestern Mutual Wealth Management Co. Boosts Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Northwestern Mutual Wealth Management Co. increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 3.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,199,824 shares of the company’s stock after acquiring an additional 65,620 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $84,297,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SDVY. Raymond James Financial Inc. raised 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 worth $488,323,000 after purchasing an additional 825,345 shares during the period. Axxcess Wealth Management LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4,508.1% during the fourth quarter. Axxcess Wealth Management LLC now owns 806,331 shares of the company’s stock valued at $30,899,000 after buying an additional 788,833 shares during the last quarter. Bank of America Corp DE increased its holdings 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 buying an additional 614,123 shares during the period. JSF Financial LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth about $22,029,000. Finally, Trilogy Capital Inc. bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at about $21,219,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of SDVY stock opened at $41.27 on Friday. The business has a 50-day moving average of $41.07 and a 200 day moving average of $40.25. First Trust SMID Cap Rising Dividend Achievers ETF has a 1-year low of $33.89 and a 1-year high of $42.89. The stock has a market capitalization of $10.68 billion, a PE ratio of 14.54 and a beta of 1.04.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.0976 per share. This represents a $0.39 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 26th.

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.