HighTower Advisors LLC Acquires 528,572 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

HighTower Advisors LLC increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 20.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,127,052 shares of the company’s stock after acquiring an additional 528,572 shares during the period. HighTower Advisors LLC owned about 1.30% of First Trust SMID Cap Rising Dividend Achievers ETF worth $118,890,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SDVY. GoalVest Advisory LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the third quarter valued at about $25,000. Bank of Jackson Hole Trust acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the third quarter valued at approximately $25,000. Hantz Financial Services Inc. bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 2nd quarter valued at $33,000. Atlantic Union Bankshares Corp bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter worth about $34,000. Finally, Princeton Global Asset Management LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 3rd quarter valued at about $36,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 0.9%

First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $42.17 on Monday. The company has a 50 day moving average of $40.03 and a 200-day moving average of $38.45. The stock has a market capitalization of $10.57 billion, a PE ratio of 14.54 and a beta of 1.12. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $28.84 and a twelve month high of $42.89.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.1305 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.2%. 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.

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.