Gateway Wealth Partners LLC Has $13.84 Million Stock Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Gateway Wealth Partners LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 138.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 351,046 shares of the company’s stock after acquiring an additional 204,098 shares during the period. Gateway Wealth Partners LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $13,842,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth approximately $25,000. Oakworth Capital Inc. bought a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at approximately $25,000. Trust Co. of Vermont acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at $27,000. Smartleaf Asset Management LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at $28,000. Finally, Anchor Investment Management LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the first quarter valued at $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of SDVY stock opened at $43.28 on Monday. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $35.03 and a one year high of $43.82. The stock has a fifty day moving average price of $42.30 and a 200 day moving average price of $41.44. The stock has a market cap of $11.44 billion, a P/E ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.0901 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%.

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.