First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Stock: Precedent Wealth Partners LLC Grows Holdings

Precedent Wealth Partners LLC increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 19.8% during the third quarter, Holdings Channel.com reports. The fund owned 399,506 shares of the company’s stock after purchasing an additional 66,024 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF accounts for about 2.4% of Precedent Wealth Partners LLC’s holdings, making the stock its 5th biggest position. Precedent Wealth Partners LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $16,212,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SDVY. Elevation Point Wealth Partners LLC raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 14,172.1% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 1,039,862 shares of the company’s stock worth $41,002,000 after purchasing an additional 1,032,576 shares in the last quarter. Decker Wealth Management LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 1st quarter valued at about $24,789,000. Arkadios Wealth Advisors boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 191.4% in the 1st quarter. Arkadios Wealth Advisors now owns 861,728 shares of the company’s stock valued at $33,978,000 after purchasing an additional 566,039 shares during the period. Bank of America Corp DE boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 6.3% in the 1st quarter. Bank of America Corp DE now owns 9,463,585 shares of the company’s stock valued at $373,149,000 after purchasing an additional 564,137 shares during the period. Finally, Royal Bank of Canada grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.1% during the 1st quarter. Royal Bank of Canada now owns 6,670,911 shares of the company’s stock worth $263,034,000 after purchasing an additional 322,622 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 0.7%

Shares of NASDAQ:SDVY opened at $42.33 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 12-month low of $36.40 and a 12-month high of $45.11. The company’s 50 day moving average price is $42.35 and its two-hundred day moving average price is $42.39. The firm has a market cap of $11.17 billion, a PE ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a $0.1002 dividend. The ex-dividend date was Thursday, September 24th. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.9%.

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.