J.W. Cole Advisors Inc. Boosts Stake in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

J.W. Cole Advisors Inc. raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 321,990 shares of the company’s stock after acquiring an additional 14,750 shares during the period. J.W. Cole Advisors Inc. owned approximately 0.13% of First Trust SMID Cap Rising Dividend Achievers ETF worth $11,905,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Advantage Inc. grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 40.5% during the fourth quarter. Capital Advantage Inc. now owns 77,232 shares of the company’s stock valued at $2,960,000 after acquiring an additional 22,276 shares during the period. Econ Financial Services Corp grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 26.1% during the fourth quarter. Econ Financial Services Corp now owns 179,719 shares of the company’s stock valued at $6,887,000 after acquiring an additional 37,184 shares during the period. Pinnacle Associates Ltd. grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 39.8% during the third quarter. Pinnacle Associates Ltd. now owns 233,252 shares of the company’s stock valued at $8,868,000 after acquiring an additional 66,370 shares during the period. Arvest Investments Inc. grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 10.7% during the fourth quarter. Arvest Investments Inc. now owns 263,558 shares of the company’s stock valued at $10,100,000 after acquiring an additional 25,490 shares during the period. Finally, CWM LLC grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 7.4% during the fourth quarter. CWM LLC now owns 448,472 shares of the company’s stock valued at $17,185,000 after acquiring an additional 30,845 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of SDVY opened at $41.56 on Friday. The stock’s 50-day moving average is $41.23 and its two-hundred day moving average is $40.36. The stock has a market cap of $10.76 billion, a PE ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $34.19 and a 12 month high of $42.89.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a dividend of $0.0976 per share. This represents a $0.39 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, March 26th.

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.