First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 23.0% during the fourth quarter, HoldingsChannel reports. The fund owned 7,099,053 shares of the company’s stock after buying an additional 1,327,323 shares during the period. Bank of America Corp DE’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $254,501,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Benjamin Edwards Inc. lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 10.4% in the 4th quarter. Benjamin Edwards Inc. now owns 197,680 shares of the company’s stock valued at $7,089,000 after purchasing an additional 18,658 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at about $830,000. Anderson Financial Strategies LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at about $1,569,000. Aptus Capital Advisors LLC boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 412.3% during the fourth quarter. Aptus Capital Advisors LLC now owns 374,992 shares of the company’s stock worth $13,446,000 after buying an additional 301,792 shares during the period. Finally, Gallagher Fiduciary Advisors LLC increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 3.9% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 193,866 shares of the company’s stock valued at $6,950,000 after acquiring an additional 7,271 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of SDVY stock opened at $33.75 on Friday. The firm has a market cap of $7.80 billion, a P/E ratio of 13.22 and a beta of 1.12. The firm’s 50 day moving average price is $32.63 and its 200-day moving average price is $35.64. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $28.84 and a one year 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. This represents a $0.63 dividend on an annualized basis and a yield of 1.87%. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, March 27th.

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.