Western Wealth Management LLC Acquires 92,762 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Western Wealth Management LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 12.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 849,178 shares of the company’s stock after acquiring an additional 92,762 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF makes up 1.2% of Western Wealth Management LLC’s portfolio, making the stock its 11th largest holding. Western Wealth Management LLC owned 0.33% of First Trust SMID Cap Rising Dividend Achievers ETF worth $33,483,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Eagle Bay Advisors LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at approximately $25,000. Oakworth Capital Inc. purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth $25,000. Smartleaf Asset Management LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth approximately $28,000. Anchor Investment Management LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 1st quarter valued at approximately $30,000. Finally, EQ Wealth Advisors LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth about $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ SDVY opened at $44.51 on Wednesday. First Trust SMID Cap Rising Dividend Achievers ETF has a 1-year low of $36.40 and a 1-year high of $45.11. The stock has a market capitalization of $11.76 billion, a P/E ratio of 14.54 and a beta of 1.01. The business’s 50 day moving average is $43.00 and its two-hundred day moving average is $41.78.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

About First Trust SMID Cap Rising Dividend Achievers ETF

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.