Private Wealth Asset Management LLC Has $10.70 Million Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Private Wealth Asset Management LLC boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 7.9% in the third quarter, Holdings Channel reports. The institutional investor owned 281,549 shares of the company’s stock after acquiring an additional 20,684 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF makes up approximately 1.3% of Private Wealth Asset Management LLC’s holdings, making the stock its 13th largest position. Private Wealth Asset Management LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $10,704,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SDVY. Bank of Jackson Hole Trust acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 3rd quarter worth about $25,000. GoalVest Advisory LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 3rd quarter valued at approximately $25,000. Hantz Financial Services Inc. acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter worth approximately $33,000. Princeton Global Asset Management LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the third quarter valued at approximately $36,000. Finally, Fifth Third Bancorp raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 120.9% during the second quarter. Fifth Third Bancorp now owns 952 shares of the company’s stock valued at $34,000 after acquiring an additional 521 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 0.5%

SDVY stock opened at $40.25 on Thursday. The firm has a 50 day moving average of $39.16 and a two-hundred day moving average of $37.98. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $28.84 and a 12 month high of $41.33. The company has a market capitalization of $10.07 billion, a price-to-earnings ratio of 14.54 and a beta of 1.12.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.1305 dividend. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, December 12th.

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.