LVZ Inc. Buys 53,353 Shares of First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

LVZ Inc. grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 1.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,800,749 shares of the company’s stock after purchasing an additional 53,353 shares during the period. First Trust SMID Cap Rising Dividend Achievers ETF makes up about 12.1% of LVZ Inc.’s holdings, making the stock its 3rd largest holding. LVZ Inc. owned approximately 1.17% of First Trust SMID Cap Rising Dividend Achievers ETF worth $106,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 5.5% during the second quarter. Cetera Investment Advisers now owns 5,276,231 shares of the company’s stock worth $186,145,000 after buying an additional 273,077 shares during the last quarter. Capital Investment Advisors LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.0% in the 3rd quarter. Capital Investment Advisors LLC now owns 4,170,826 shares of the company’s stock worth $158,573,000 after acquiring an additional 198,680 shares during the last quarter. Park National Corp OH raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.1% during the 3rd quarter. Park National Corp OH now owns 3,412,175 shares of the company’s stock worth $129,729,000 after acquiring an additional 35,601 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 17.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 3,384,431 shares of the company’s stock worth $128,674,000 after acquiring an additional 494,306 shares during the period. Finally, Harbour Investments Inc. boosted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 472.9% during the 2nd quarter. Harbour Investments Inc. now owns 2,835,642 shares of the company’s stock valued at $100,041,000 after acquiring an additional 2,340,638 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 0.1%

Shares of SDVY opened at $39.99 on Wednesday. First Trust SMID Cap Rising Dividend Achievers ETF has a 12-month low of $28.84 and a 12-month high of $40.30. The firm has a market capitalization of $9.90 billion, a P/E ratio of 14.54 and a beta of 1.12. The firm has a 50-day moving average price of $38.50 and a 200 day moving average price of $37.65.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.1305 per share. The ex-dividend date was Friday, December 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10.

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.