N.E.W. Advisory Services LLC Has $1.43 Million Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

N.E.W. Advisory Services LLC lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 408.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 37,424 shares of the company’s stock after purchasing an additional 30,058 shares during the quarter. N.E.W. Advisory Services LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $1,434,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. TD Waterhouse Canada Inc. increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 15,085 shares of the company’s stock valued at $578,000 after purchasing an additional 251 shares in the last quarter. Keystone Financial Services LLC increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.3% in the fourth quarter. Keystone Financial Services LLC now owns 19,815 shares of the company’s stock valued at $759,000 after purchasing an additional 252 shares in the last quarter. Valley National Advisers Inc. increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.5% in the third quarter. Valley National Advisers Inc. now owns 58,799 shares of the company’s stock valued at $2,235,000 after purchasing an additional 282 shares in the last quarter. Purus Wealth Management LLC increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.5% in the third quarter. Purus Wealth Management LLC now owns 52,491 shares of the company’s stock valued at $1,996,000 after purchasing an additional 284 shares in the last quarter. Finally, Marino Stram & Associates LLC increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.0% in the fourth quarter. Marino Stram & Associates LLC now owns 7,306 shares of the company’s stock valued at $280,000 after purchasing an additional 284 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $42.34 on Friday. The firm has a market cap of $10.89 billion, a P/E ratio of 14.54 and a beta of 1.06. The firm has a 50 day simple moving average of $40.84 and a 200 day simple moving average of $39.53. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $31.79 and a fifty-two week high of $42.89.

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 $0.0976 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.39 dividend on an annualized basis and a yield of 0.9%.

First Trust SMID Cap Rising Dividend Achievers ETF 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.