First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) to Issue Dividend Increase – $0.10 Per Share

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) announced a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, September 24th will be paid a dividend of 0.1002 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Thursday, September 24th. This is a 11.2% increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.09.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:SDVY traded down $0.33 during trading hours on Thursday, reaching $41.03. The stock had a trading volume of 139,129 shares, compared to its average volume of 1,302,901. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $36.40 and a 1 year high of $45.11. The firm’s 50 day moving average is $43.44 and its 200-day moving average is $42.13. The stock has a market capitalization of $11.92 billion, a price-to-earnings ratio of 14.54 and a beta of 1.00.

Institutional Trading of First Trust SMID Cap Rising Dividend Achievers ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% during the 4th quarter. LPL Financial LLC now owns 24,892,169 shares of the company’s stock worth $953,868,000 after acquiring an additional 1,135,800 shares in the last quarter. Elevation Point Wealth Partners LLC boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 14,172.1% in the first quarter. Elevation Point Wealth Partners LLC now owns 1,039,862 shares of the company’s stock valued at $41,002,000 after purchasing an additional 1,032,576 shares in the last quarter. Decker Wealth Management LLC purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the first quarter valued at approximately $24,789,000. Arkadios Wealth Advisors raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 191.4% during the first quarter. Arkadios Wealth Advisors now owns 861,728 shares of the company’s stock worth $33,978,000 after purchasing an additional 566,039 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 6.3% during the first quarter. Bank of America Corp DE now owns 9,463,585 shares of the company’s stock worth $373,149,000 after purchasing an additional 564,137 shares in the last quarter.

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.