N.E.W. Advisory Services LLC Buys 30,058 Shares of 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 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,424 shares of the company’s stock after buying an additional 30,058 shares during the period. 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.

Several other hedge funds have also made changes to their positions in the stock. Eagle Bay Advisors LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth about $25,000. Bank of Jackson Hole Trust bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the third quarter worth about $25,000. GoalVest Advisory LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the third quarter worth about $25,000. Trust Co. of Vermont bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth about $27,000. Finally, Hoese & Co LLP bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth about $48,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 0.3%

Shares of SDVY opened at $42.34 on Friday. The stock has a market cap of $10.89 billion, a price-to-earnings ratio of 14.54 and a beta of 1.06. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $31.79 and a 12 month high of $42.89. The company has a 50-day moving average price of $40.84 and a two-hundred day moving average price of $39.53.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a dividend of $0.0976 per share. The ex-dividend date 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 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.