First Trust SMID Cap Rising Dividend Achievers ETF $SDVY is IMG Wealth Management Inc.’s 10th Largest Position

IMG Wealth Management Inc. lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 8.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,963 shares of the company’s stock after purchasing an additional 8,816 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF comprises approximately 3.1% of IMG Wealth Management Inc.’s portfolio, making the stock its 10th biggest position. IMG Wealth Management Inc.’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $4,056,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SDVY. Harbour Investments Inc. raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 472.9% in the second quarter. Harbour Investments Inc. now owns 2,835,642 shares of the company’s stock worth $100,041,000 after acquiring an additional 2,340,638 shares in the last quarter. Raymond James Financial Inc. raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 17.5% in the first quarter. Raymond James Financial Inc. now owns 12,496,285 shares of the company’s stock worth $418,626,000 after acquiring an additional 1,860,262 shares in the last quarter. Cetera Investment Advisers raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 45.1% in the first quarter. Cetera Investment Advisers now owns 5,003,154 shares of the company’s stock worth $167,606,000 after acquiring an additional 1,556,017 shares in the last quarter. LPL Financial LLC raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 6.6% in the first quarter. LPL Financial LLC now owns 23,374,014 shares of the company’s stock worth $783,029,000 after acquiring an additional 1,438,128 shares in the last quarter. Finally, Csenge Advisory Group raised its position in First Trust SMID Cap Rising Dividend Achievers ETF by 188.0% in the first quarter. Csenge Advisory Group now owns 656,487 shares of the company’s stock worth $20,574,000 after acquiring an additional 428,508 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

NASDAQ:SDVY opened at $37.53 on Tuesday. The stock has a fifty day moving average price of $37.77 and a two-hundred day moving average price of $35.56. The stock has a market capitalization of $8.93 billion, a price-to-earnings ratio of 14.54 and a beta of 1.18. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $28.84 and a 1 year high of $40.60.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were given a $0.095 dividend. The ex-dividend date was Thursday, September 25th. This represents a $0.38 annualized dividend and a yield of 1.0%.

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.