Bank of America Corp DE Purchases 1,327,323 Shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Bank of America Corp DE lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 23.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,099,053 shares of the company’s stock after acquiring an additional 1,327,323 shares during the quarter. Bank of America Corp DE owned 3.19% of First Trust SMID Cap Rising Dividend Achievers ETF worth $254,501,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at approximately $26,000. Grove Bank & Trust bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at $27,000. Pineridge Advisors LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 138.9% during the fourth quarter. Pineridge Advisors LLC now owns 762 shares of the company’s stock worth $27,000 after purchasing an additional 443 shares during the last quarter. FSC Wealth Advisors LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth $29,000. Finally, Headlands Technologies LLC boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 307.1% during the fourth quarter. Headlands Technologies LLC now owns 802 shares of the company’s stock valued at $29,000 after purchasing an additional 605 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

SDVY stock opened at $33.75 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $28.84 and a 12 month high of $40.60. The firm’s 50-day moving average is $32.63 and its 200 day moving average is $35.64. The company has a market capitalization of $7.80 billion, a PE ratio of 13.22 and a beta of 1.12.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.1576 per share. The ex-dividend date of this dividend was Thursday, March 27th. This is a positive change 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 1.87%.

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.