Advisory Services Network LLC Has $481,000 Stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Advisory Services Network LLC lowered its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 36.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,427 shares of the company’s stock after selling 7,703 shares during the period. Advisory Services Network LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $481,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SDVY. Raymond James Financial Inc. bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at about $381,301,000. LPL Financial LLC grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 22.0% in the fourth quarter. LPL Financial LLC now owns 21,935,886 shares of the company’s stock valued at $786,401,000 after purchasing an additional 3,948,772 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 20.6% during the 4th quarter. Wells Fargo & Company MN now owns 12,732,120 shares of the company’s stock worth $456,447,000 after purchasing an additional 2,172,523 shares during the last quarter. Independent Advisor Alliance bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth approximately $50,719,000. Finally, HighTower Advisors LLC boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 79.1% in the 4th quarter. HighTower Advisors LLC now owns 2,398,427 shares of the company’s stock valued at $85,984,000 after buying an additional 1,059,353 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 1.1 %

NASDAQ:SDVY opened at $31.14 on Thursday. The stock has a market capitalization of $7.24 billion, a PE ratio of 12.77 and a beta of 1.12. First Trust SMID Cap Rising Dividend Achievers ETF has a 1-year low of $28.84 and a 1-year high of $40.60. The firm has a fifty day simple moving average of $33.83 and a 200 day simple moving average of $36.09.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a $0.1576 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Thursday, March 27th. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14.

First Trust SMID Cap Rising Dividend Achievers ETF Company 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.