World Equity Group Inc. Acquires 13,457 Shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

World Equity Group Inc. grew its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 11.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 134,511 shares of the company’s stock after purchasing an additional 13,457 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF makes up approximately 1.3% of World Equity Group Inc.’s holdings, making the stock its 13th biggest holding. World Equity Group Inc. owned about 0.06% of First Trust SMID Cap Rising Dividend Achievers ETF worth $4,506,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. LPL Financial LLC boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 22.0% during the 4th quarter. LPL Financial LLC now owns 21,935,886 shares of the company’s stock worth $786,401,000 after acquiring an additional 3,948,772 shares during the last quarter. Wells Fargo & Company MN boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 20.6% during the 4th quarter. Wells Fargo & Company MN now owns 12,732,120 shares of the company’s stock worth $456,447,000 after acquiring an additional 2,172,523 shares during the last quarter. Raymond James Financial Inc. bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth approximately $381,301,000. Bank of America Corp DE boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 23.0% during the 4th quarter. Bank of America Corp DE now owns 7,099,053 shares of the company’s stock worth $254,501,000 after acquiring an additional 1,327,323 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 28.5% during the 4th quarter. Royal Bank of Canada now owns 5,599,081 shares of the company’s stock worth $200,728,000 after acquiring an additional 1,241,896 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of SDVY opened at $34.39 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 firm’s 50 day moving average price is $33.72 and its two-hundred day moving average price is $34.90. The firm has a market cap of $7.94 billion, a P/E ratio of 13.85 and a beta of 1.12.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.1576 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.83%.

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.