Western Wealth Management LLC Increases Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Western Wealth Management LLC increased its position in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 12.3% during the 1st quarter, Holdings Channel reports. The firm owned 849,178 shares of the company’s stock after acquiring an additional 92,762 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF comprises approximately 1.2% of Western Wealth Management LLC’s investment portfolio, making the stock its 11th largest holding. Western Wealth Management LLC’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $33,483,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Eagle Bay Advisors LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at $25,000. Oakworth Capital Inc. bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth $25,000. Smartleaf Asset Management LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter worth $28,000. EQ Wealth Advisors LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter valued at $30,000. Finally, Anchor Investment Management LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the first quarter valued at $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

SDVY stock opened at $44.51 on Wednesday. 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 50-day moving average price of $43.00 and a 200 day moving average price of $41.78. The company has a market capitalization of $11.76 billion, a P/E ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders 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.