Wells Fargo & Company MN Purchases 2,172,523 Shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Wells Fargo & Company MN boosted its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 20.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,732,120 shares of the company’s stock after acquiring an additional 2,172,523 shares during the quarter. Wells Fargo & Company MN owned approximately 5.71% of First Trust SMID Cap Rising Dividend Archievers ETF worth $456,447,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SDVY. DHK Financial Advisors Inc. raised its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 0.5% during the 4th quarter. DHK Financial Advisors Inc. now owns 58,897 shares of the company’s stock valued at $2,111,000 after purchasing an additional 297 shares in the last quarter. tru Independence LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 1.2% in the fourth quarter. tru Independence LLC now owns 31,039 shares of the company’s stock worth $1,113,000 after buying an additional 362 shares during the last quarter. Pineridge Advisors LLC boosted its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 138.9% during the 4th quarter. Pineridge Advisors LLC now owns 762 shares of the company’s stock worth $27,000 after acquiring an additional 443 shares in the last quarter. Capital Investment Counsel LLC increased its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 0.3% during the 4th quarter. Capital Investment Counsel LLC now owns 212,062 shares of the company’s stock valued at $7,602,000 after acquiring an additional 549 shares during the last quarter. Finally, Clear Creek Financial Management LLC increased its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 5.3% during the 4th quarter. Clear Creek Financial Management LLC now owns 11,419 shares of the company’s stock valued at $409,000 after acquiring an additional 574 shares during the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

SDVY opened at $30.31 on Friday. First Trust SMID Cap Rising Dividend Archievers ETF has a twelve month low of $29.67 and a twelve month high of $40.60. The business has a 50 day moving average price of $35.11 and a 200 day moving average price of $36.45. The firm has a market cap 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 Increases Dividend

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

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.