First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Shares Purchased by Wagner Wealth Management LLC

Wagner Wealth Management LLC boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 11.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 437,601 shares of the company’s stock after purchasing an additional 45,435 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF makes up 3.7% of Wagner Wealth Management LLC’s portfolio, making the stock its 9th biggest holding. Wagner Wealth Management LLC owned approximately 0.19% of First Trust SMID Cap Rising Dividend Achievers ETF worth $14,660,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Principal Securities Inc. increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 30.9% during the fourth quarter. Principal Securities Inc. now owns 75,976 shares of the company’s stock worth $2,724,000 after purchasing an additional 17,941 shares during the last quarter. Allworth Financial LP increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 28.5% during the 4th quarter. Allworth Financial LP now owns 12,950 shares of the company’s stock worth $490,000 after buying an additional 2,872 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth $637,000. L.M. Kohn & Company increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 33.2% during the 4th quarter. L.M. Kohn & Company now owns 8,410 shares of the company’s stock worth $301,000 after buying an additional 2,097 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth $516,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ:SDVY opened at $34.64 on Tuesday. The firm has a market capitalization of $8.05 billion, a PE ratio of 13.22 and a beta of 1.18. The business has a 50-day moving average of $33.49 and a two-hundred day moving average of $34.98. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $28.84 and a 12 month high of $40.60.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently declared 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. The ex-dividend date was Thursday, March 27th. This is a positive change 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 1.82%.

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.