Smith Chas P & Associates PA Cpas Boosts Stock Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Smith Chas P & Associates PA Cpas grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 76.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,027,452 shares of the company’s stock after buying an additional 444,567 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF accounts for 2.1% of Smith Chas P & Associates PA Cpas’ portfolio, making the stock its 19th biggest holding. Smith Chas P & Associates PA Cpas owned 0.41% of First Trust SMID Cap Rising Dividend Achievers ETF worth $39,372,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SDVY. Raymond James Financial Inc. lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.9% during the 3rd quarter. Raymond James Financial Inc. now owns 12,844,014 shares of the company’s stock valued at $488,323,000 after buying an additional 825,345 shares in the last quarter. Axxcess Wealth Management LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4,508.1% during the 4th quarter. Axxcess Wealth Management LLC now owns 806,331 shares of the company’s stock valued at $30,899,000 after buying an additional 788,833 shares in the last quarter. Bank of America Corp DE lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% during the 3rd quarter. Bank of America Corp DE now owns 7,982,389 shares of the company’s stock valued at $303,486,000 after buying an additional 614,123 shares in the last quarter. JSF Financial LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at about $22,029,000. Finally, Trilogy Capital Inc. purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at about $21,219,000.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 0.8%

NASDAQ SDVY opened at $41.72 on Thursday. The stock’s 50 day moving average is $40.99 and its 200 day moving average is $40.22. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $33.89 and a 12 month high of $42.89. The stock has a market cap of $10.80 billion, a PE ratio of 14.54 and a beta of 1.04.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

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

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.