First Trust SMID Cap Rising Dividend Achievers ETF $SDVY is Wagner Wealth Management LLC’s 8th Largest Position

Wagner Wealth Management LLC grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 2.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 488,665 shares of the company’s stock after buying an additional 13,825 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF makes up about 3.9% of Wagner Wealth Management LLC’s investment portfolio, making the stock its 8th largest holding. Wagner Wealth Management LLC owned approximately 0.19% of First Trust SMID Cap Rising Dividend Achievers ETF worth $19,268,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SDVY. Capital Advantage Inc. lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 40.5% in the fourth quarter. Capital Advantage Inc. now owns 77,232 shares of the company’s stock worth $2,960,000 after purchasing an additional 22,276 shares during the period. Econ Financial Services Corp increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 26.1% in the 4th quarter. Econ Financial Services Corp now owns 179,719 shares of the company’s stock valued at $6,887,000 after buying an additional 37,184 shares during the period. Pinnacle Associates Ltd. increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 39.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 233,252 shares of the company’s stock valued at $8,868,000 after buying an additional 66,370 shares during the period. CWM LLC raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 7.4% in the 4th quarter. CWM LLC now owns 448,472 shares of the company’s stock valued at $17,185,000 after buying an additional 30,845 shares in the last quarter. Finally, Arvest Investments Inc. raised its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 10.7% in the 4th quarter. Arvest Investments Inc. now owns 263,558 shares of the company’s stock valued at $10,100,000 after buying an additional 25,490 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

NASDAQ:SDVY opened at $43.14 on Wednesday. The company has a 50-day moving average of $41.89 and a 200-day moving average of $40.92. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $35.03 and a 52 week high of $43.44. The company has a market capitalization of $11.17 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.0901 per share. The ex-dividend date 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.