Gateway Wealth Partners LLC Has $13.84 Million Stock Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Gateway Wealth Partners LLC boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 138.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 351,046 shares of the company’s stock after buying an additional 204,098 shares during the quarter. Gateway Wealth Partners LLC owned approximately 0.14% of First Trust SMID Cap Rising Dividend Achievers ETF worth $13,842,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Eagle Bay Advisors LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth $25,000. Oakworth Capital Inc. purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth $25,000. Trust Co. of Vermont acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at $27,000. Smartleaf Asset Management LLC acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at $28,000. Finally, EQ Wealth Advisors LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at about $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of SDVY stock opened at $43.28 on Monday. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $35.03 and a fifty-two week high of $43.82. The stock’s 50-day moving average is $42.30 and its two-hundred day moving average is $41.44. The firm has a market cap of $11.44 billion, a P/E ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.0901 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, June 25th.

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.