First Trust SMID Cap Rising Dividend Achievers ETF $SDVY Position Increased by Cornerstone Wealth LLC TN

Cornerstone Wealth LLC TN boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 47.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 48,380 shares of the company’s stock after purchasing an additional 15,623 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF makes up 1.0% of Cornerstone Wealth LLC TN’s investment portfolio, making the stock its 28th largest holding. Cornerstone Wealth LLC TN’s holdings in First Trust SMID Cap Rising Dividend Achievers ETF were worth $2,035,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Bank of America Corp DE raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.3% in the first quarter. Bank of America Corp DE now owns 9,463,585 shares of the company’s stock valued at $373,149,000 after buying an additional 564,137 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% during the first quarter. Cetera Investment Advisers now owns 7,943,362 shares of the company’s stock worth $313,207,000 after buying an additional 227,423 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.1% during the first quarter. Royal Bank of Canada now owns 6,670,911 shares of the company’s stock worth $263,034,000 after buying an additional 322,622 shares during the last quarter. Capital Investment Advisors LLC increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 2.6% in the 3rd quarter. Capital Investment Advisors LLC now owns 4,853,868 shares of the company’s stock valued at $196,970,000 after acquiring an additional 123,083 shares during the period. Finally, Park National Corp OH increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 1.5% in the 3rd quarter. Park National Corp OH now owns 3,584,904 shares of the company’s stock valued at $145,475,000 after acquiring an additional 54,366 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 1.5%

SDVY opened at $42.50 on Friday. The business has a 50 day moving average price of $42.14 and a two-hundred day moving average price of $41.90. The company has a market cap of $11.22 billion, a PE ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $36.40 and a 52 week high of $45.11.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a $0.1002 dividend. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901. The ex-dividend date was Thursday, September 24th. This represents a $0.40 annualized dividend and a dividend yield of 0.9%.

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.