Gateway Wealth Partners LLC Has $5.25 Million Stock Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Gateway Wealth Partners LLC boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 17.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 137,953 shares of the company’s stock after buying an additional 20,306 shares during the period. Gateway Wealth Partners LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $5,245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of SDVY. GoalVest Advisory LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter valued at about $25,000. Bank of Jackson Hole Trust purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the third quarter worth approximately $25,000. Hantz Financial Services Inc. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the second quarter worth approximately $33,000. Atlantic Union Bankshares Corp purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the second quarter valued at approximately $34,000. Finally, Princeton Global Asset Management LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the third quarter valued at approximately $36,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 2.3%

SDVY stock opened at $42.33 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 12-month low of $28.84 and a 12-month high of $42.41. The company has a market cap of $10.61 billion, a price-to-earnings ratio of 14.54 and a beta of 1.12. The company has a 50 day moving average of $39.65 and a two-hundred day moving average of $38.23.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $0.1305 per share. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10. This represents a $0.52 dividend on an annualized basis and a yield of 1.2%.

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.