HBW Advisory Services LLC Invests $1.97 Million in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

HBW Advisory Services LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 51,867 shares of the company’s stock, valued at approximately $1,972,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 2nd quarter valued at about $33,000. Fifth Third Bancorp lifted its holdings in shares of 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 worth $34,000 after purchasing an additional 521 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter valued at approximately $34,000. Princeton Global Asset Management LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the third quarter valued at approximately $36,000. Finally, Winnow Wealth LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 2nd quarter worth approximately $42,000.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 0.1%

Shares of NASDAQ SDVY opened at $39.21 on Friday. The company has a 50 day simple moving average of $38.08 and a two-hundred day simple moving average of $37.23. The stock has a market cap of $9.42 billion, a price-to-earnings ratio of 14.54 and a beta of 1.12. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $28.84 and a 12 month high of $39.60.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be issued a $0.1305 dividend. The ex-dividend date of this dividend is Friday, December 12th. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10. This represents a $0.52 annualized dividend and a yield of 1.3%.

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.