Sanchez Wealth Management Group Raises Holdings in First Trust SMID Cap Rising Dividend Achievers ETF $SDVY

Sanchez Wealth Management Group boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) by 3.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 403,557 shares of the company’s stock after buying an additional 13,813 shares during the quarter. First Trust SMID Cap Rising Dividend Achievers ETF accounts for about 3.4% of Sanchez Wealth Management Group’s portfolio, making the stock its 12th largest holding. Sanchez Wealth Management Group owned about 0.17% of First Trust SMID Cap Rising Dividend Achievers ETF worth $15,343,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Silver Oak Securities Incorporated grew its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 54.8% during the third quarter. Silver Oak Securities Incorporated now owns 87,799 shares of the company’s stock worth $3,338,000 after buying an additional 31,072 shares in the last quarter. Commonwealth Equity Services LLC raised its position 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 valued at $128,674,000 after buying an additional 494,306 shares during the period. Formidable Asset Management LLC lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 17.2% in the third quarter. Formidable Asset Management LLC now owns 87,779 shares of the company’s stock valued at $3,097,000 after acquiring an additional 12,862 shares during the last quarter. Precedent Wealth Partners LLC increased its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 14.3% during the 3rd quarter. Precedent Wealth Partners LLC now owns 244,732 shares of the company’s stock worth $9,305,000 after purchasing an additional 30,683 shares during the last quarter. Finally, D.A. Davidson & CO. raised its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 4.0% in the 3rd quarter. D.A. Davidson & CO. now owns 669,617 shares of the company’s stock valued at $25,458,000 after buying an additional 25,832 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $42.32 on Wednesday. The company’s 50 day simple moving average is $39.82 and its 200-day simple moving average is $38.33. First Trust SMID Cap Rising Dividend Achievers ETF has a 1 year low of $28.84 and a 1 year high of $42.50. The company has a market capitalization of $10.61 billion, a price-to-earnings ratio of 14.54 and a beta of 1.12.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.1305 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, December 12th.

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.