Private Wealth Asset Management LLC Increases Stake in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Private Wealth Asset Management LLC grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 27.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 357,588 shares of the company’s stock after acquiring an additional 76,039 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF comprises 1.5% of Private Wealth Asset Management LLC’s portfolio, making the stock its 12th biggest position. Private Wealth Asset Management LLC owned about 0.14% of First Trust SMID Cap Rising Dividend Achievers ETF worth $13,703,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.9% in the third quarter. Raymond James Financial Inc. now owns 12,844,014 shares of the company’s stock worth $488,323,000 after acquiring an additional 825,345 shares in the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4,508.1% in the fourth quarter. Axxcess Wealth Management LLC now owns 806,331 shares of the company’s stock worth $30,899,000 after acquiring an additional 788,833 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% in the third quarter. Bank of America Corp DE now owns 7,982,389 shares of the company’s stock worth $303,486,000 after acquiring an additional 614,123 shares in the last quarter. JSF Financial LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth about $22,029,000. Finally, Trilogy Capital Inc. acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth about $21,219,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

NASDAQ:SDVY opened at $41.17 on Thursday. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $34.19 and a one year high of $42.89. The business’s 50-day simple moving average is $41.19 and its 200 day simple moving average is $40.33. The stock has a market cap of $10.66 billion, a price-to-earnings ratio of 14.54 and a beta of 1.04.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.0976 dividend. This represents a $0.39 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 26th.

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.