Wells Fargo & Company MN Acquires 2,172,523 Shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY)

Wells Fargo & Company MN boosted its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) by 20.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,732,120 shares of the company’s stock after purchasing an additional 2,172,523 shares during the quarter. Wells Fargo & Company MN owned 0.06% of First Trust SMID Cap Rising Dividend Archievers ETF worth $456,447,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SDVY. Smith Moore & CO. lifted its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 24.2% in the fourth quarter. Smith Moore & CO. now owns 20,418 shares of the company’s stock valued at $732,000 after buying an additional 3,982 shares during the period. Thoroughbred Financial Services LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 4th quarter worth approximately $481,000. World Investment Advisors grew its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 5.7% during the 4th quarter. World Investment Advisors now owns 30,856 shares of the company’s stock worth $1,106,000 after purchasing an additional 1,653 shares in the last quarter. OneAscent Financial Services LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter valued at approximately $1,267,000. Finally, Headlands Technologies LLC lifted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 307.1% in the fourth quarter. Headlands Technologies LLC now owns 802 shares of the company’s stock worth $29,000 after purchasing an additional 605 shares during the period.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Down 4.5 %

NASDAQ SDVY opened at $30.31 on Friday. First Trust SMID Cap Rising Dividend Archievers ETF has a twelve month low of $29.67 and a twelve month high of $40.60. The company’s 50-day simple moving average is $35.11 and its 200 day simple moving average is $36.45. The stock has a market cap of $7.07 billion, a P/E ratio of 13.43 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Increases Dividend

The business 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 represents a $0.63 dividend on an annualized basis and a yield of 2.08%. This is a boost from First Trust SMID Cap Rising Dividend Archievers ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, March 27th.

First Trust SMID Cap Rising Dividend Archievers 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.