Betterment LLC Purchases 13,565 Shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Betterment LLC raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 240.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,197 shares of the company’s stock after acquiring an additional 13,565 shares during the period. Betterment LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $688,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in SDVY. Farmers & Merchants Investments Inc. bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth about $26,000. Grove Bank & Trust bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth about $27,000. Pineridge Advisors LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 138.9% in 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 position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth about $29,000. Finally, Headlands Technologies LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 307.1% in the fourth quarter. Headlands Technologies LLC now owns 802 shares of the company’s stock worth $29,000 after purchasing an additional 605 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

NASDAQ:SDVY opened at $32.42 on Monday. First Trust SMID Cap Rising Dividend Achievers ETF has a 1-year low of $28.84 and a 1-year high of $40.60. The company has a 50-day moving average of $33.11 and a 200 day moving average of $35.87. The firm has a market cap of $7.54 billion, a PE ratio of 12.77 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm 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. The ex-dividend date 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 yield of 1.94%.

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.