Formidable Asset Management LLC Purchases 2,893 Shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Formidable Asset Management LLC lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,309 shares of the company’s stock after acquiring an additional 2,893 shares during the quarter. Formidable Asset Management LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $2,664,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SDVY. Raymond James Financial Inc. bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth $381,301,000. LPL Financial LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 22.0% in the 4th quarter. LPL Financial LLC now owns 21,935,886 shares of the company’s stock worth $786,401,000 after acquiring an additional 3,948,772 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 20.6% in the 4th quarter. Wells Fargo & Company MN now owns 12,732,120 shares of the company’s stock worth $456,447,000 after acquiring an additional 2,172,523 shares in the last quarter. Independent Advisor Alliance bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth $50,719,000. Finally, Bank of America Corp DE grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 23.0% in the 4th quarter. Bank of America Corp DE now owns 7,099,053 shares of the company’s stock worth $254,501,000 after acquiring an additional 1,327,323 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

NASDAQ SDVY opened at $34.00 on Friday. The firm has a market cap of $7.90 billion, a price-to-earnings ratio of 13.22 and a beta of 1.18. The company has a fifty day moving average price of $32.90 and a 200-day moving average price of $35.52. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $28.84 and a 1 year high of $40.60.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.1576 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.63 annualized dividend and a yield of 1.85%. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14.

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.