First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Stock: Kestra Private Wealth Services LLC Grows Position

Kestra Private Wealth Services LLC boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 4.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 301,456 shares of the company’s stock after purchasing an additional 12,098 shares during the period. Kestra Private Wealth Services LLC owned approximately 0.11% of First Trust SMID Cap Rising Dividend Achievers ETF worth $12,233,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SDVY. Bank of America Corp DE grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.3% during the 1st quarter. Bank of America Corp DE now owns 9,463,585 shares of the company’s stock valued at $373,149,000 after buying an additional 564,137 shares during the period. Cetera Investment Advisers raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% in the 1st quarter. Cetera Investment Advisers now owns 7,943,362 shares of the company’s stock worth $313,207,000 after buying an additional 227,423 shares during the period. Royal Bank of Canada raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.1% in the 1st quarter. Royal Bank of Canada now owns 6,670,911 shares of the company’s stock worth $263,034,000 after buying an additional 322,622 shares during the period. Capital Investment Advisors LLC raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.6% in the 3rd quarter. Capital Investment Advisors LLC now owns 4,853,868 shares of the company’s stock worth $196,970,000 after buying an additional 123,083 shares during the period. Finally, Park National Corp OH boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 1.5% in the third quarter. Park National Corp OH now owns 3,584,904 shares of the company’s stock valued at $145,475,000 after acquiring an additional 54,366 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 1.7%

SDVY stock opened at $43.31 on Thursday. The stock has a 50-day moving average price of $42.05 and a two-hundred day moving average price of $41.95. First Trust SMID Cap Rising Dividend Achievers ETF has a 12-month low of $36.40 and a 12-month high of $45.11. The company has a market cap of $11.44 billion, a PE ratio of 14.54 and a beta of 1.02.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a dividend of $0.1002 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, September 24th. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901.

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.