Smith Moore & CO. Raises Holdings in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Smith Moore & CO. increased its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 24.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,418 shares of the company’s stock after acquiring an additional 3,982 shares during the period. Smith Moore & CO.’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $732,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SDVY. Raymond James Financial Inc. acquired a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter worth $381,301,000. LPL Financial LLC grew its position in First Trust SMID Cap Rising Dividend Archievers ETF by 22.0% during the fourth quarter. LPL Financial LLC now owns 21,935,886 shares of the company’s stock worth $786,401,000 after buying an additional 3,948,772 shares during the period. Independent Advisor Alliance purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter valued at about $50,719,000. HighTower Advisors LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 79.1% during the 4th quarter. HighTower Advisors LLC now owns 2,398,427 shares of the company’s stock valued at $85,984,000 after acquiring an additional 1,059,353 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 29.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,702,167 shares of the company’s stock worth $96,873,000 after acquiring an additional 610,079 shares in the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

NASDAQ SDVY opened at $30.31 on Friday. The business has a 50 day moving average price of $35.11 and a 200 day moving average price of $36.45. The company has a market capitalization of $7.07 billion, a P/E ratio of 13.43 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 1-year low of $29.67 and a 1-year high of $40.60.

First Trust SMID Cap Rising Dividend Archievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a dividend of $0.1576 per share. This represents a $0.63 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Thursday, March 27th. This is an increase from First Trust SMID Cap Rising Dividend Archievers ETF’s previous quarterly dividend of $0.14.

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.