First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Stock: LCW Services LLC Boosts Position

LCW Services LLC boosted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 5.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 229,333 shares of the company’s stock after buying an additional 12,269 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF makes up about 3.9% of LCW Services LLC’s investment portfolio, making the stock its 7th largest holding. LCW Services LLC owned 0.09% of First Trust SMID Cap Rising Dividend Achievers ETF worth $9,306,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SDVY. Maryland Capital Advisors Inc. bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the third quarter worth $28,000. Anchor Investment Management LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the first quarter worth $30,000. Orion Capital Management LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter worth $39,000. Olistico Wealth LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the third quarter worth $41,000. Finally, Parkside Financial Bank & Trust purchased a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter worth $51,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ:SDVY opened at $42.02 on Thursday. 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 business has a fifty day moving average price of $42.39 and a 200-day moving average price of $42.38. The company has a market capitalization of $11.09 billion, a PE ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a $0.1002 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, September 24th. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901.

First Trust SMID Cap Rising Dividend Achievers ETF 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.