MAI Capital Management Grows Stake in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

MAI Capital Management increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 85.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,342 shares of the company’s stock after purchasing an additional 60,455 shares during the period. MAI Capital Management’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $4,994,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Silver Oak Securities Incorporated grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 54.8% during the third quarter. Silver Oak Securities Incorporated now owns 87,799 shares of the company’s stock valued at $3,338,000 after acquiring an additional 31,072 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 17.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 3,384,431 shares of the company’s stock valued at $128,674,000 after purchasing an additional 494,306 shares during the last quarter. Formidable Asset Management LLC grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 17.2% during the third quarter. Formidable Asset Management LLC now owns 87,779 shares of the company’s stock valued at $3,097,000 after purchasing an additional 12,862 shares in the last quarter. Dagco Inc. increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% in the third quarter. Dagco Inc. now owns 359,049 shares of the company’s stock worth $13,651,000 after purchasing an additional 16,391 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.0% in the third quarter. D.A. Davidson & CO. now owns 669,617 shares of the company’s stock worth $25,458,000 after buying an additional 25,832 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 0.6%

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

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors 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%. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, December 12th.

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.