MML Investors Services LLC Raises Stake in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

MML Investors Services LLC lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,664,664 shares of the company’s stock after purchasing an additional 63,075 shares during the quarter. MML Investors Services LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $63,790,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SDVY. TD Waterhouse Canada Inc. boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 15,085 shares of the company’s stock valued at $578,000 after buying an additional 251 shares during the period. Keystone Financial Services LLC grew its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 1.3% during the fourth quarter. Keystone Financial Services LLC now owns 19,815 shares of the company’s stock worth $759,000 after acquiring an additional 252 shares during the period. Allie Family Office LLC boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 2.3% during the fourth quarter. Allie Family Office LLC now owns 11,545 shares of the company’s stock worth $442,000 after purchasing an additional 264 shares in the last quarter. Insight Inv LLC increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 2.0% during the 4th quarter. Insight Inv LLC now owns 13,770 shares of the company’s stock worth $528,000 after purchasing an additional 270 shares in the last quarter. Finally, Fortis Group Advisors LLC raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 3.3% in the 4th quarter. Fortis Group Advisors LLC now owns 8,422 shares of the company’s stock valued at $340,000 after purchasing an additional 272 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 0.0%

NASDAQ SDVY opened at $42.39 on Tuesday. The company has a market capitalization of $10.97 billion, a PE ratio of 14.54 and a beta of 1.01. The business’s 50-day moving average price is $41.57 and its 200 day moving average price is $40.60. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $34.21 and a twelve month high of $42.90.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm 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 yield of 0.9%. The ex-dividend date was Thursday, March 26th.

About First Trust SMID Cap Rising Dividend Achievers ETF

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.