Titleist Asset Management LLC Has $2.99 Million Stock Holdings in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Titleist Asset Management LLC increased its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 1.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 83,300 shares of the company’s stock after purchasing an additional 1,445 shares during the quarter. Titleist Asset Management LLC’s holdings in First Trust SMID Cap Rising Dividend Archievers ETF were worth $2,986,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of SDVY. Farmers & Merchants Investments Inc. bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter worth $26,000. National Bank of Canada FI bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the 3rd quarter worth about $27,000. Grove Bank & Trust bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter worth about $27,000. Pineridge Advisors LLC raised its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 138.9% in the 4th quarter. Pineridge Advisors LLC now owns 762 shares of the company’s stock valued at $27,000 after purchasing an additional 443 shares during the period. Finally, FSC Wealth Advisors LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter valued at about $29,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

NASDAQ:SDVY opened at $30.31 on Friday. The stock has a 50-day simple moving average of $35.11 and a 200 day simple moving average of $36.46. First Trust SMID Cap Rising Dividend Archievers ETF has a 52-week low of $29.67 and a 52-week high of $40.60. The company has a market cap of $7.07 billion, a PE ratio of 13.43 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Increases Dividend

The firm 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 is a boost 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.

First Trust SMID Cap Rising Dividend Archievers 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.