LaSalle St. Investment Advisors LLC Boosts Holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

LaSalle St. Investment Advisors LLC boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 17.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,342 shares of the company’s stock after purchasing an additional 1,101 shares during the quarter. LaSalle St. Investment Advisors LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $263,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth about $26,000. National Bank of Canada FI bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 3rd quarter worth approximately $27,000. Grove Bank & Trust bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth approximately $27,000. Pineridge Advisors LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers 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. Finally, FSC Wealth Advisors LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at approximately $29,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

SDVY stock opened at $31.50 on Tuesday. The firm has a fifty day moving average price of $34.06 and a 200 day moving average price of $36.16. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $28.84 and a fifty-two week high of $40.60. The firm has a market cap of $7.35 billion, a PE ratio of 13.43 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a $0.1576 dividend. 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 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Thursday, March 27th.

First Trust SMID Cap Rising Dividend Achievers 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.