First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Stake Trimmed by LeClair Wealth Partners LLC

LeClair Wealth Partners LLC lowered its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 10.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 114,224 shares of the company’s stock after selling 13,050 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF makes up approximately 2.7% of LeClair Wealth Partners LLC’s investment portfolio, making the stock its 9th biggest holding. LeClair Wealth Partners LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $4,343,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SDVY. HighTower Advisors LLC lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 20.3% during the 3rd quarter. HighTower Advisors LLC now owns 3,127,052 shares of the company’s stock worth $118,890,000 after acquiring an additional 528,572 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 17.1% in the third quarter. Commonwealth Equity Services LLC now owns 3,384,431 shares of the company’s stock worth $128,674,000 after purchasing an additional 494,306 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 29.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,939,333 shares of the company’s stock worth $68,420,000 after purchasing an additional 445,817 shares during the last quarter. Richmond Investment Services LLC boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 103.2% during the second quarter. Richmond Investment Services LLC now owns 560,714 shares of the company’s stock valued at $19,782,000 after purchasing an additional 284,745 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 11.2% in the second quarter. Osaic Holdings Inc. now owns 2,744,843 shares of the company’s stock worth $96,848,000 after purchasing an additional 275,395 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

SDVY stock opened at $42.52 on Friday. The company has a market capitalization of $10.66 billion, a PE ratio of 14.54 and a beta of 1.12. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $28.84 and a 12 month high of $42.89. The firm’s 50-day moving average is $40.62 and its 200 day moving average is $38.80.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.1305 dividend. The ex-dividend date 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 dividend yield of 1.2%.

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.