Western Wealth Management LLC Increases Position in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Western Wealth Management LLC increased its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 78.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 317,507 shares of the company’s stock after purchasing an additional 139,214 shares during the period. First Trust SMID Cap Rising Dividend Archievers ETF makes up approximately 0.8% of Western Wealth Management LLC’s portfolio, making the stock its 25th largest position. Western Wealth Management LLC owned about 0.38% of First Trust SMID Cap Rising Dividend Archievers ETF worth $10,405,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. LPL Financial LLC raised its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 15.8% during the third quarter. LPL Financial LLC now owns 6,870,147 shares of the company’s stock worth $193,944,000 after purchasing an additional 935,420 shares in the last quarter. Morgan Stanley increased its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 181.1% in the third quarter. Morgan Stanley now owns 3,977,071 shares of the company’s stock valued at $112,273,000 after buying an additional 2,562,005 shares in the last quarter. Raymond James & Associates boosted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 29.7% during the fourth quarter. Raymond James & Associates now owns 2,579,613 shares of the company’s stock worth $84,534,000 after acquiring an additional 590,680 shares during the last quarter. Truist Financial Corp boosted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 260.8% during the third quarter. Truist Financial Corp now owns 2,167,156 shares of the company’s stock worth $61,179,000 after acquiring an additional 1,566,457 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 34.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,576,591 shares of the company’s stock worth $51,665,000 after acquiring an additional 399,680 shares during the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

NASDAQ SDVY remained flat at $32.33 during mid-day trading on Thursday. 924,584 shares of the company were exchanged, compared to its average volume of 1,128,668. First Trust SMID Cap Rising Dividend Archievers ETF has a 1 year low of $24.70 and a 1 year high of $34.96. The firm’s fifty day simple moving average is $33.28 and its two-hundred day simple moving average is $31.20. The firm has a market capitalization of $3.81 billion, a PE ratio of 7.92 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were issued a $0.1032 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.28%.

About First Trust SMID Cap Rising Dividend Archievers ETF

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.