Cetera Investment Advisers Raises Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Cetera Investment Advisers lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 2.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,943,362 shares of the company’s stock after buying an additional 227,423 shares during the quarter. Cetera Investment Advisers’ holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $313,207,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SDVY. Raymond James Financial Inc. increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 9.8% during the 4th quarter. Raymond James Financial Inc. now owns 14,105,263 shares of the company’s stock valued at $540,514,000 after purchasing an additional 1,261,249 shares during the period. LPL Financial LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% in the 4th quarter. LPL Financial LLC now owns 24,892,169 shares of the company’s stock valued at $953,868,000 after purchasing an additional 1,135,800 shares in the last quarter. Elevation Point Wealth Partners LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 14,172.1% in 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. Axxcess Wealth Management LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4,508.1% in the 4th quarter. Axxcess Wealth Management LLC now owns 806,331 shares of the company’s stock worth $30,899,000 after purchasing an additional 788,833 shares during the period. Finally, Decker Wealth Management LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 1st quarter worth approximately $24,789,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

NASDAQ SDVY opened at $43.05 on Thursday. The company has a market cap of $11.37 billion, a PE ratio of 14.54 and a beta of 1.01. The firm’s 50 day moving average price is $42.22 and its 200-day moving average price is $41.38. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $35.03 and a 52-week high of $43.82.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.0901 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.36 dividend on an annualized basis and a 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.