First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Position Increased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 7.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 764,411 shares of the company’s stock after buying an additional 51,113 shares during the period. Janney Montgomery Scott LLC owned approximately 0.33% of First Trust SMID Cap Rising Dividend Achievers ETF worth $25,608,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth $381,301,000. LPL Financial LLC increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 22.0% in the 4th quarter. LPL Financial LLC now owns 21,935,886 shares of the company’s stock worth $786,401,000 after purchasing an additional 3,948,772 shares in the last quarter. Wells Fargo & Company MN raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 20.6% during the 4th quarter. Wells Fargo & Company MN now owns 12,732,120 shares of the company’s stock worth $456,447,000 after buying an additional 2,172,523 shares during the period. Independent Advisor Alliance purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at about $50,719,000. Finally, Bank of America Corp DE lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 23.0% during the fourth quarter. Bank of America Corp DE now owns 7,099,053 shares of the company’s stock valued at $254,501,000 after buying an additional 1,327,323 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $34.28 on Wednesday. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $28.84 and a fifty-two week high of $40.60. The firm’s 50 day simple moving average is $33.54 and its 200-day simple moving average is $34.98. The company has a market cap of $7.97 billion, a P/E ratio of 13.22 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a $0.1576 dividend. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 27th. This represents a $0.63 dividend on an annualized basis and a yield of 1.84%.

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.