Synovus Financial Corp Increases Stock Position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Synovus Financial Corp grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 14.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,244 shares of the company’s stock after purchasing an additional 17,535 shares during the period. Synovus Financial Corp owned approximately 0.06% of First Trust SMID Cap Rising Dividend Achievers ETF worth $4,957,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SDVY. Entruity Wealth LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at approximately $2,460,000. Townsquare Capital LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 20.8% in the fourth quarter. Townsquare Capital LLC now owns 7,650 shares of the company’s stock valued at $274,000 after purchasing an additional 1,317 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 2.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 423,604 shares of the company’s stock worth $15,186,000 after purchasing an additional 9,744 shares during the last quarter. Glass Jacobson Investment Advisors llc purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at $43,000. Finally, Solano Wealth Investment Advisors LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at $12,589,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 1.4 %

First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $31.16 on Monday. The company’s 50-day moving average price is $34.17 and its 200-day moving average price is $36.19. The company has a market cap of $7.27 billion, a PE ratio of 13.43 and a beta of 1.18. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $28.84 and a twelve month high of $40.60.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 Achievers ETF’s previous quarterly dividend of $0.14. This represents a $0.63 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Thursday, March 27th.

About First Trust SMID Cap Rising Dividend Achievers 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.