First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Shares Bought by Sanchez Wealth Management Group

Sanchez Wealth Management Group increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 3.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 403,557 shares of the company’s stock after buying an additional 13,813 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF makes up 3.4% of Sanchez Wealth Management Group’s portfolio, making the stock its 12th largest position. Sanchez Wealth Management Group’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $15,343,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stratos Wealth Advisors LLC increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 11.1% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 286,039 shares of the company’s stock worth $10,875,000 after buying an additional 28,479 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 11.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 201,215 shares of the company’s stock worth $7,650,000 after acquiring an additional 21,453 shares during the period. Ipsen Advisor Group LLC grew its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% during the 3rd quarter. Ipsen Advisor Group LLC now owns 59,947 shares of the company’s stock valued at $2,279,000 after purchasing an additional 1,687 shares in the last quarter. Gateway Wealth Partners LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 17.3% during the third quarter. Gateway Wealth Partners LLC now owns 137,953 shares of the company’s stock valued at $5,245,000 after acquiring an additional 20,306 shares in the last quarter. Finally, Moloney Securities Asset Management LLC grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 7.6% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 11,044 shares of the company’s stock valued at $420,000 after purchasing an additional 784 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

SDVY opened at $42.32 on Wednesday. The company has a market capitalization of $10.61 billion, a P/E ratio of 14.54 and a beta of 1.12. First Trust SMID Cap Rising Dividend Achievers ETF has a 1-year low of $28.84 and a 1-year high of $42.50. The company has a 50-day moving average of $39.82 and a 200-day moving average of $38.33.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.1305 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.2%. This is a boost from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, December 12th.

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.