Visionary Wealth Advisors Reduces Stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY)

Visionary Wealth Advisors lessened its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 10.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 330,497 shares of the company’s stock after selling 38,067 shares during the quarter. Visionary Wealth Advisors’ holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $11,848,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. LPL Financial LLC grew its holdings in 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 shares of First Trust SMID Cap Rising Dividend Achievers ETF by 20.6% during 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 in the 4th quarter valued at about $381,301,000. Bank of America Corp DE lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 23.0% in the fourth quarter. Bank of America Corp DE now owns 7,099,053 shares of the company’s stock valued at $254,501,000 after acquiring an additional 1,327,323 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 28.5% during the 4th quarter. Royal Bank of Canada now owns 5,599,081 shares of the company’s stock worth $200,728,000 after purchasing an additional 1,241,896 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 $35.31 on Monday. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $28.84 and a fifty-two week high of $40.60. The firm has a 50 day moving average price of $32.76 and a 200 day moving average price of $35.57. The company has a market capitalization of $8.21 billion, a PE ratio of 13.22 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a dividend of $0.1576 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.79%. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 27th.

About First Trust SMID Cap Rising Dividend Achievers ETF

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.