Baron Wealth Management LLC Boosts Stake in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Baron Wealth Management LLC boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 264.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,660 shares of the company’s stock after buying an additional 65,801 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF accounts for about 1.1% of Baron Wealth Management LLC’s investment portfolio, making the stock its 12th biggest holding. Baron Wealth Management LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $3,198,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Triumph Capital Management lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 5.8% during the second quarter. Triumph Capital Management now owns 227,920 shares of the company’s stock worth $8,041,000 after buying an additional 12,499 shares during the period. Lifestyle Asset Management Inc. lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 16.0% during the second quarter. Lifestyle Asset Management Inc. now owns 324,002 shares of the company’s stock worth $11,431,000 after buying an additional 44,687 shares during the period. Key Client Fiduciary Advisors LLC lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 15.4% during the second quarter. Key Client Fiduciary Advisors LLC now owns 154,981 shares of the company’s stock worth $5,468,000 after buying an additional 20,703 shares during the period. Presidio Capital Management LLC increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 19.0% during the second quarter. Presidio Capital Management LLC now owns 8,848 shares of the company’s stock worth $312,000 after purchasing an additional 1,410 shares in the last quarter. Finally, Ballew Advisors Inc increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 8.7% during the second quarter. Ballew Advisors Inc now owns 28,320 shares of the company’s stock worth $1,032,000 after purchasing an additional 2,258 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 0.5%

Shares of SDVY stock opened at $37.94 on Wednesday. The business’s fifty day simple moving average is $37.01 and its 200-day simple moving average is $34.84. The company has a market cap of $8.80 billion, a PE ratio of 14.54 and a beta of 1.18. First Trust SMID Cap Rising Dividend Achievers ETF has a 12-month low of $28.84 and a 12-month high of $40.60.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were given a dividend of $0.1178 per share. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $0.47 dividend on an annualized basis and a dividend yield of 1.2%.

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.