Commonwealth Financial Services LLC Boosts Stock Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Commonwealth Financial Services LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 6.9% during the second quarter, Holdings Channel reports. The institutional investor owned 27,092 shares of the company’s stock after buying an additional 1,754 shares during the period. Commonwealth Financial Services LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $956,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 28,969 shares of the company’s stock valued at $1,022,000 after buying an additional 333 shares in the last quarter. Ameritas Advisory Services LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.8% during the 2nd quarter. Ameritas Advisory Services LLC now owns 41,112 shares of the company’s stock valued at $1,450,000 after buying an additional 335 shares in the last quarter. Purus Wealth Management LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.7% during the 1st quarter. Purus Wealth Management LLC now owns 51,922 shares of the company’s stock valued at $1,739,000 after buying an additional 355 shares in the last quarter. Arbor Capital Management Inc. ADV lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 3.9% during the 1st quarter. Arbor Capital Management Inc. ADV now owns 10,198 shares of the company’s stock valued at $345,000 after buying an additional 383 shares in the last quarter. Finally, Clear Creek Financial Management LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.4% during the 2nd quarter. Clear Creek Financial Management LLC now owns 28,224 shares of the company’s stock valued at $996,000 after buying an additional 391 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 2.4%

SDVY stock opened at $36.47 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $28.84 and a twelve month high of $40.60. The stock has a market cap of $8.65 billion, a P/E ratio of 14.54 and a beta of 1.18. The business’s 50-day moving average price is $37.64 and its 200-day moving average price is $35.36.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, September 25th.

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.