Provident Wealth Management LLC reduced its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY – Free Report) by 27.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,175 shares of the company’s stock after selling 39,197 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF makes up approximately 1.5% of Provident Wealth Management LLC’s holdings, making the stock its 16th largest holding. Provident Wealth Management LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $4,146,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Elevation Point Wealth Partners LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 14,172.1% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 1,039,862 shares of the company’s stock worth $41,002,000 after purchasing an additional 1,032,576 shares during the period. Decker Wealth Management LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the first quarter valued at approximately $24,789,000. Arkadios Wealth Advisors raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 191.4% in the first quarter. Arkadios Wealth Advisors now owns 861,728 shares of the company’s stock valued at $33,978,000 after buying an additional 566,039 shares during the period. Bank of America Corp DE raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 6.3% in the first quarter. Bank of America Corp DE now owns 9,463,585 shares of the company’s stock valued at $373,149,000 after buying an additional 564,137 shares during the period. Finally, Royal Bank of Canada lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 5.1% during the first quarter. Royal Bank of Canada now owns 6,670,911 shares of the company’s stock valued at $263,034,000 after buying an additional 322,622 shares in the last quarter.
First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 1.2%
Shares of SDVY stock opened at $41.92 on Wednesday. The stock has a market cap of $11.06 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $36.40 and a fifty-two week high of $45.11. The firm’s 50 day moving average price is $42.44 and its two-hundred day moving average price is $42.36.
First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a $0.1002 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901. This represents a $0.40 annualized dividend and a dividend yield of 1.0%.
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.
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