Northwestern Mutual Wealth Management Co. Boosts Stake in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Northwestern Mutual Wealth Management Co. boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,199,824 shares of the company’s stock after acquiring an additional 65,620 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.88% of First Trust SMID Cap Rising Dividend Achievers ETF worth $84,297,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Eagle Bay Advisors LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth about $25,000. Oakworth Capital Inc. purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth approximately $25,000. Trust Co. of Vermont purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth approximately $27,000. EQ Wealth Advisors LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at $30,000. Finally, High Note Wealth LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth $32,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:SDVY opened at $41.27 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $33.89 and a 52-week high of $42.89. The firm has a fifty day moving average of $41.07 and a 200 day moving average of $40.25. The firm has a market capitalization of $10.68 billion, a PE ratio of 14.54 and a beta of 1.04.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company 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 of this dividend was Thursday, March 26th. This represents a $0.39 annualized dividend and a yield of 0.9%.

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.