NewEdge Advisors LLC Has $24.15 Million Stock Position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

NewEdge Advisors LLC lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 81.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 673,608 shares of the company’s stock after purchasing an additional 302,042 shares during the period. NewEdge Advisors LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $24,149,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. LPL Financial LLC raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 22.0% in the fourth quarter. LPL Financial LLC now owns 21,935,886 shares of the company’s stock valued at $786,401,000 after purchasing an additional 3,948,772 shares during the period. Wells Fargo & Company MN raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 20.6% in the 4th quarter. Wells Fargo & Company MN now owns 12,732,120 shares of the company’s stock worth $456,447,000 after acquiring an additional 2,172,523 shares during the period. Raymond James Financial Inc. acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth $381,301,000. Capital Investment Advisors LLC lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 8.2% during the 4th quarter. Capital Investment Advisors LLC now owns 3,510,050 shares of the company’s stock worth $125,835,000 after acquiring an additional 267,372 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 16.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,974,793 shares of the company’s stock valued at $106,646,000 after acquiring an additional 430,281 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $31.14 on Thursday. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $28.84 and a 52 week high of $40.60. The firm has a market capitalization of $7.24 billion, a PE ratio of 12.77 and a beta of 1.12. The business’s 50-day simple moving average is $33.83 and its 200-day simple moving average is $36.09.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a $0.1576 dividend. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14. This represents a $0.63 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Thursday, March 27th.

First Trust SMID Cap Rising Dividend Achievers ETF Company 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.