Thurston Springer Miller Herd & Titak Inc. Acquires 14,807 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 286.5% in the fourth quarter, Holdings Channel reports. The firm owned 19,975 shares of the company’s stock after acquiring an additional 14,807 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $765,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Raymond James Financial Inc. increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 6.9% in the 3rd quarter. Raymond James Financial Inc. now owns 12,844,014 shares of the company’s stock worth $488,323,000 after buying an additional 825,345 shares during the period. Bank of America Corp DE lifted its holdings in 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. HighTower Advisors LLC boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 20.3% in the 3rd quarter. HighTower Advisors LLC now owns 3,127,052 shares of the company’s stock valued at $118,890,000 after buying an additional 528,572 shares during the period. Commonwealth Equity Services LLC grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 17.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 3,384,431 shares of the company’s stock worth $128,674,000 after acquiring an additional 494,306 shares in the last quarter. Finally, UBS Group AG grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 5.4% in the 3rd quarter. UBS Group AG now owns 6,746,792 shares of the company’s stock worth $256,513,000 after acquiring an additional 344,834 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:SDVY opened at $39.73 on Friday. The firm’s 50 day simple moving average is $40.76 and its 200-day simple moving average is $39.19. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $28.84 and a one year high of $42.89. The firm has a market cap of $10.17 billion, a PE ratio of 14.54 and a beta of 1.12.

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 paid a $0.0976 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.39 annualized dividend and a yield of 1.0%.

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.