Western Wealth Management LLC Has $33.48 Million Position in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Western Wealth Management LLC lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 12.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 849,178 shares of the company’s stock after purchasing an additional 92,762 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF accounts for approximately 1.2% of Western Wealth Management LLC’s portfolio, making the stock its 12th biggest holding. Western Wealth Management LLC owned 0.33% of First Trust SMID Cap Rising Dividend Achievers ETF worth $33,483,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Eagle Bay Advisors LLC bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth $25,000. Oakworth Capital Inc. bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at $25,000. Trust Co. of Vermont bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at $27,000. Smartleaf Asset Management LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter valued at $28,000. Finally, EQ Wealth Advisors LLC acquired a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the 4th quarter worth $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

NASDAQ:SDVY opened at $43.73 on Friday. The firm’s 50-day moving average is $42.52 and its 200-day moving average is $41.55. The company has a market cap of $11.55 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $35.03 and a 52-week high of $44.19.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.0901 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%.

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.