Bennett Associates Wealth Management Takes Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Bennett Associates Wealth Management acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) in the 2nd quarter, Holdings Channel reports. The fund acquired 212,062 shares of the company’s stock, valued at approximately $7,482,000. First Trust SMID Cap Rising Dividend Achievers ETF accounts for approximately 5.8% of Bennett Associates Wealth Management’s portfolio, making the stock its 6th largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of SDVY. Raymond James Financial Inc. grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 17.5% in the 1st quarter. Raymond James Financial Inc. now owns 12,496,285 shares of the company’s stock worth $418,626,000 after buying an additional 1,860,262 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 45.1% during the 1st quarter. Cetera Investment Advisers now owns 5,003,154 shares of the company’s stock worth $167,606,000 after acquiring an additional 1,556,017 shares during the last quarter. LPL Financial LLC grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 6.6% in the first quarter. LPL Financial LLC now owns 23,374,014 shares of the company’s stock worth $783,029,000 after acquiring an additional 1,438,128 shares in the last quarter. Csenge Advisory Group grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 188.0% in the first quarter. Csenge Advisory Group now owns 656,487 shares of the company’s stock worth $20,574,000 after acquiring an additional 428,508 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 38.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,493,516 shares of the company’s stock valued at $50,033,000 after acquiring an additional 415,096 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 0.2%

NASDAQ SDVY opened at $37.95 on Tuesday. The stock’s 50-day simple moving average is $37.54 and its two-hundred day simple moving average is $35.29. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $28.84 and a twelve month high of $40.60. The company has a market capitalization of $8.95 billion, a price-to-earnings ratio of 14.54 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, September 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.